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Dec 29 - 01:55 AM

AUD/USD - Bounces In Attempt To Preserve Bullish Bias

By Ewen Chew  —  Dec 29 - 12:03 AM
  • AUD/USD bounces to 0.7233 from Wed low 0.7213

  • UST yield retreat provides some push for AUD/USD

  • May stay bullish if it closes above 0.7220 support

  • Failure may trigger capitulation toward Fibo 0.7208

  • That would keep daily Bollinger uptrend channel intact

  • Sentiment mixed as Asia shares slide, but S&P futures 0.1%

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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