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Jan 03 - 02:55 AM

AUD/USD - Surrenders Gains; Deflection Lower May Thwart Bulls

By Ewen Chew  —  Jan 03 - 12:55 AM
  • AUD/USD surrenders gains, slips to 0.6789 from 0.6835

  • Early losses were overturned as China stocks reversed higher

  • But heading into Europe open, USD recovers slightly

  • Tues close below 0.6805 will suspend potential bullish cue

  • Closing above that needed to confirm Bollinger uptrend channel

  • Failing which, consolidation near 61.8% Fibo 0.6762 likely

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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