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Oct 20 - 02:55 AM

AUD/USD - Recoups Losses On Report Of China Easing Quarentine

By Ewen Chew  —  Oct 20 - 01:25 AM
  • AUD/USD recovers all its Thurs losses, last at 0.6267

  • Rebound cued by report of China mulling easing quarantine

  • That would represent a shift in COVID policy nP8N2ZZ02A

  • Optimism turns Shanghai stocks around, buoys battered yuan

  • AUD/USD could escape Bollinger downtrend channel at 0.6278

  • Closing above that will expose 21 DMA resistance 0.6394

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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