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Jan 31 - 01:55 AM

AUD/USD - Feeble; China And Australia Trade Ministers To Meet

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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