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Jul 29 - 12:12 AM
AUD/USD - Slides Through Cloud Base; More Bearish Cues Align
First appeared on eFXplus on Jul 28 - 10:45 PM
  • AUD/USD bears get validation from both daily and weekly chart
  • Bollinger downtrend channels on both have been confirmed
  • Friday's crack of daily Ichimoku Cloud base adds weight
  • Cloud now turned into resistance, caps intraday spikes at 0.6915
  • Downside target is June low of 0.6832 - near Jan 2016 trough
  • FOMC this week may disappoint excessively dovish Fed bets

AUDdaily: Click here

AUDweekly: Click here

Refinitiv IFR Research/Market Commentary


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