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TDUX
Jun 16 - 03:55 AM

AUD/USD - Leans Over Bearish Edge Despite RBA's Hawkish Talk

By Ewen Chew  —  Jun 16 - 01:48 AM

• AUD/USD leans over a potentially crucial chart ledge, last 0.7052

• Tues close below 0.7050 engages Bollinger downtrend channel

• Would confirm 100 DMA resistance 0.7085 as a strong chart top

• Would also mark bearish deflection from Ichimoku cloud resistance

• Those technical cues will inspire fresh AUD sellers toward 0.7000

• RBA's Bullock hawkish despite first hold this year
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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