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Nov 22 - 02:55 AM

AUD/USD - Returning To Bearish Channel As China Weighs Heavy

By Ewen Chew  —  Nov 22 - 01:50 AM
  • AUD/USD succumbs to pronounced risk-off in China stocks

  • Hits an intraday low of 0.6485 into European market open

  • Threatens entry into Bollinger downtrend channel 0.6492

  • Fri close below 78.6% Fibo support 0.6474 will cue sellers

  • That would point to a return to Aug low of 0.6346

  • China stocks dive 2.6% as tech firms' results disappoint

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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