By Ewen Chew — Feb 11 - 12:50 AM
• AUD/USD fights back to 0.6275 after early drop to 0.6262
• Bumps into strong chart resistance near 0.6290 for fifth day
• Convergence of Ichimoku cloud and Bollinger band a key top
• If bulls can manage a close above, uptrend channel engaged
• That would drive short-covering that might reach 0.6400
• Goldman sees hedge funds rushing back into China
AUD:
(Ewen Chew is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters