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Sep 25 - 11:00 PM
AUD/USD - Drawn Into Bearish Path; Trump Flip-Flops On China
First appeared on eFXplus on Sep 25 - 09:05 PM
  • AUD/USD tumbled Wed, entering bearish Bollinger downtrend channel

  • Ceiling of channel likely to cap intraday spikes toward 0.6760

  • Deflection at 20 DMA resistance, Ichimoku Cloud above, weigh AUD/USD

  • Bearish cues point to test of triple-bottom around 0.6680

  • But Trump's fickle tone on China may help to cushion fall

  • Trump said China trade deal may happen sooner than expected nL2N26G0VJ

Refinitiv IFR Research/Market Commentary


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