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Dec 21 - 01:55 AM

AUD/USD - At Risk Of Deeper Slide As 100 DMA Under Pressure

By Ewen Chew  —  Dec 21 - 01:05 AM
  • AUD/USD will witness more selling on close below 100 DMA 0.6662

  • Further AUD weakness to come if 50% retracement 0.6649 breached

  • Bollinger downtrend channel was engaged Tues after BOJ tweak

  • Higher UST yields, cued by JGB yield surge, overshadow equities rise

  • ASX ends +1.3% and US stock futures +0.5%, but Asia stocks still soft

  • China's Xi says will work to boost Australia partnership nS9N31500Y

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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