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Oct 30 - 02:36 AM
AUD/USD - Bulls, Once Bitten, May Now Be Twice Shy
First appeared on eFXplus on Oct 30 - 01:20 AM
  • AUD/USD struggles to stay up amid flagging Asia stock markets

  • Bounce off 0.6850 base of Bollinger uptrend channel is mildly positive

  • But bulls hesitant to test Ichimoku Cloud top 0.6880 again

  • Prior attempt Oct 22 failed, resulting in selloff to Cloud base

  • Possible USD rally post-FOMC decision could again thwart AUD bulls

  • AUD/USD might then break Cloud base 0.6803, also 20 DMA support

Refinitiv IFR Research/Market Commentary


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