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Aug 26 - 02:55 AM

AUD/USD - Fails A Key Test That May Herald Correction Lower

By Ewen Chew  —  Aug 26 - 01:20 AM
  • AUD/USD slips to 0.6953 after failure to close above 0.6983 Thurs

  • Deflection at Ichimoku cloud top will discourage buyers

  • That might herald deeper correction back to 0.6848

  • If below that cloud base, Bollinger downtrend channel engaged

  • Bearish AUD signals may get confirmed by Powell speech

  • Depends how hawkish Fed chief sounds at Jackson Hole today

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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