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Oct 08 - 03:55 AM

AUD/USD - Lifted, But The Bar Is High For Bullish Breakout

By Ewen Chew  —  Oct 08 - 02:10 AM
  • AUD/USD steps up another rung toward primary resistance 20 DMA

  • Needs to close above 20 DMA at 0.7180 to maintain traction

  • But even so, cue for bullish breakout unlikely to be triggered

  • Top of Ichimoku Cloud consolidation zone at 0.7263 will cap

  • Cloud top guards entrance of Bollinger uptrend channel at 0.7270

  • US VP election debate failed to stir market from lethargy nL1N2GY0H3

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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