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May 14 - 02:55 AM

AUD/USD - Bulls Still Afloat But May Tire From Treading Water

By Ewen Chew  —  May 14 - 01:37 AM
  • AUD/USD barely floats above 100 DMA 0.7720 in decisive day

  • Failure to close above that line triggers two bearish cues

  • Bolllinger downtrend channel would then also be confirmed

  • Asia stock market rally, led by Wall St, prop up AUD/USD

  • Key to dollar's next move may be US retail, industrial data

  • AUD longs will be encouraged above Ichimoku Cloud top 0.7770

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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