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Thomson Reuters
May 10 - 12:12 AM
AUD/USD - Off The Ropes But Bears Waiting To Swing Again
First appeared on eFXplus on May 09 - 10:05 PM
  • AUD/USD bounces off its 11-mth low 0.7413 to 0.7474
  • But not out of danger yet, bears may pile up near 0.7483
  • Ceiling of Bollinger downtrend channel will attract sellers
  • If resistance intact by Thurs close, target 0.7371 in sight
  • Oil rally escalating has strong implications for US inflation
  • Fed may harden hawkish stance, boosting US yields and USD

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