By Martin Miller — Aug 15 - 06:05 AM
AUD/USD plumbed nine-month lows on China woes Monday nL1N39V081
But downside could be limited as China ease rates Tuesday nL4N39W0Y4
Spot fell from 0.6521 to 0.6462 Tuesday, but still above Monday's 0.6454 low
0.6454 9 month low set due to China credit data, property woes nL1N39V081
Signs are AUD/USD is oversold, there could be a much bigger recovery
A break above Friday's 0.6533 high needed to warn of a AUD/USD base
30-day bolinger-bands are diverging, highlighting raised volatility
Source:
Refinitiv IFR Research/Market Commentary