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Thomson Reuters
Mar 05 - 11:00 PM
AUD/USD - Probes Cloud Base, May Confirm Twin Bearish Cues
First appeared on eFXplus on Mar 05 - 09:05 PM
  • AUD/USD dropping a third day, saddled with weak GDP woes
  • Bollinger downtrend channel activated on closing below 0.7077
  • Wed close below 0.7054 will also break Ichimoku Cloud base
  • Twin bearish chart cues increase odds of 0.7000 barrier breaking
  • On top of bearish AUD views, USD-positive fundametals growing
  • Above-forecast US ISM data, US-China trade deal may skew Fed bias

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