By Ewen Chew — Jan 31 - 12:45 AM
AUD/USD last 0.7041, off Tues low 0.7027, vs Mon close 0.7061
Feeble bounce could mark end of near-term bullish bias
Closing below 0.7062 nullifies Bollinger uptrend channel
Consolidation lower till 21 DMA support 0.6958 may follow
China, Australia trade ministers to meet virutally next week
First meeting in three years as relations thaw nL1N34G0C9
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Source:
Refinitiv IFR Research/Market Commentary