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Oct 08 - 02:36 AM
AUD/USD - Overhang Deterring Bulls, May Lure Sellers Back In
First appeared on eFXplus on Oct 08 - 12:45 AM
  • AUD/USD bounce coming up short of touching Ichimoku Cloud

  • Primary chart resistance at 0.6765 deterring bullish views

  • Offers likely waiting, may cue return to bearish pattern

  • Bollinger downtrend channel at 0.6730 will cue more selling

  • While Asia stocks rise, plenty reason for risk aversion to return

  • Higher-level US-China talks starting Thurs may disappoint










Source:
Refinitiv IFR Research/Market Commentary

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