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Sep 28 - 02:55 AM

AUD/USD - Scrambles Away From Cliff Edge; Downside Averted

By Ewen Chew  —  Sep 28 - 01:35 AM
  • AUD/USD scrambled up to 0.7060 from open 0.7009, vs close 0.7028

  • Rebound significant because it may avert Ichimoku Cloud break

  • Interim resistance is 0.7133 ceiling of Bollinger downtrend channel

  • Mon close below 0.7026 would expose downside toward 200 DMA 0.6775

  • Aussie recovered as Westpac's forecast for next RBA cut pushed back

  • RBA seen more likely to cut in Nov instead of Oct nL4N2GP04T

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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