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Jan 16 - 01:55 AM

AUD/USD - Recoils, Putting Recent Bullish Breakout At Risk

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

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