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Nov 26 - 01:55 AM

AUD/USD - Reclaims Losses; But Bounce May Not Last Long

By Ewen Chew  —  Nov 26 - 12:50 AM
  • AUD/USD reclaims losses, last 0.6490 from low of 0.6432

  • Rises back above 78.6% Fibo support 0.6474 for now

  • Might also avoid Bollinger downtrend channel at 0.6484

  • Drop was cued by Trump vowing 25% tariffs on Mexico, Canada

  • But reaction has faded; threats may be negotiation tactic

  • Still, UST yields are firmer; AUD/USD bounce may not last

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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