Derived Data That Drive Results
By Ewen Chew — Jul 16 - 01:50 AM
AUD/USD tumbles to 0.6741, at risk of deeper correction
Close below 0.6748 will disengage Bollinger uptrend channel
That will motivate long-trimming, weighing toward 21 DMA
21 DMA at 0.6699 inspired several bounces in recent weeks
Risk-off related to China outweighs UST yields coming off
Weaker-than-expected China data on Mon worries AUD longs
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Source:
Refinitiv IFR Research/Market Commentary
