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Jul 25 - 11:00 PM
AUD/USD - About To Peer Over The Edge As Bears Load Up
First appeared on eFXplus on Jul 25 - 09:45 PM
  • AUD/USD tumbled into daily Bollinger downtrend channel Thurs
  • Ceiling of bearish chute now caps intraday spikes at 0.6960
  • Further selling expected if base of Ichimoku Cloud breaks
  • Fri close below 0.6913 will confirm second bearish cue
  • Dovish RBA, gloomy outlook from ECB pre-empt FOMC next week
  • Risk that US Fed could be less dovish than its peers

AUD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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