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Nov 12 - 02:36 AM
AUD/USD - Shorts May Seek Cover As Trendline Triggers Bounce
First appeared on eFXplus on Nov 12 - 12:20 AM
  • AUD/USD recoils after dip to 0.6832, likely spooking shorts

  • Bounce away from trendline support at 0.6826 will deter sellers

  • Bearish momentum running out as general FX volatility ebbs

  • AUD/USD has chance to reclaim losses on close above 20 DMA 0.6860

  • Wavering uncertainty over US-China trade deal ahead of Trump speech

  • Due to speak at Economic Club of New York later today nL4N27S0N3











Source:
Refinitiv IFR Research/Market Commentary

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