Derived Data That Drive Results
By Ewen Chew — May 06 - 02:45 AM
AUD/USD resumes descent, falling to 0.7083 before US NFP
Weakness validates daily Bollinger downtrend channel
Bearish chart pattern reaffirmed on close below 0.7107
Bears will keep pressing till 0.7000 psych barrier tested
Breach of which will trigger stoploss, momentum selling
US NFP due later, expected 391k, could be next USD trigger
For more click on FXBUZ
AUD: Click here
Source:
Refinitiv IFR Research/Market Commentary
