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Mar 26 - 02:36 AM

AUD/USD - Quelled But Shorts Shouldn't Be Cheering Yet

By Ewen Chew  —  Mar 26 - 01:15 AM
  • AUD/USD recoils after dip to 0.5870; last 0.5930 vs close 0.5960

  • Sputtered rally on Wed had set up potential for deep pullback

  • But chart reveals bears should hold off, need close below 0.5905

  • Would confirm that Bollinger downtrend channel reinstated

  • Muted reaction to US Senate voting to pass stimulus bill nL1N2BI0KN

  • But Australia stocks rise with Wall St momentum, RBA's QE nS9N28S026












Source:
Refinitiv IFR Research/Market Commentary

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