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Feb 11 - 01:55 AM

AUD/USD - Chips Away At Tough Resistance; Fifth Time Lucky?

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

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