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Sep 01 - 02:55 AM

AUD/USD - Bulls Have Chance To Set Off Short-Covering Trigger

By Ewen Chew  —  Sep 01 - 02:23 AM
  • AUD/USD sets sights on Bollinger uptrend channel 0.7364

  • Wed close above is a bullish cue that may trigger short-covering

  • That could set off extended rally to 0.7435 channel ceiling

  • Risk appetite resilient to another China data miss nZUN0037RQ

  • 'Bad news is good news' narrative is taking root for yuan nL1N2Q305I

  • China expected to provide more economic stimulus next quarter

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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