By Ewen Chew — Jan 16 - 12:25 AM
• AUD/USD recoils to 0.6197 from 0.6248; rally loses steam
• Threatens to override Wed bullish breakout above 21 DMA
• If it ends below 21 DMA 0.6216, weak longs may bail
• Thurs close below 0.6186 engages Bollinger downtrend channel
• USD selling post-US CPI has faded in Asia; UST yields hover
• US retail sales, Philly Fed index loom, may stir volatility
AUD:
(Ewen Chew is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters