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Oct 09 - 02:55 AM

AUD/USD - Forges Through Stubborn Resistance, Eyes 0.7263

By Ewen Chew  —  Oct 09 - 01:45 AM
  • AUD/USD pushing its way past 20 DMA resistance 0.7176, last 0.7182

  • Previous attempts that failed at that mark resulted in pullback

  • Fri close above would increase odds of rally toward 0.7263

  • Ichimoku Cloud top coincides with Bollinger uptrend channel there

  • 0.7236 likely to pose strong barrier to AUD/USD bulls

  • But may be tested on US stimulus hopes, China's yuan surge nL1N2H003V

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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