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Nov 07 - 01:55 AM

AUD/USD - Pressured As RBA Tone Shifts; More Bulls May Bail

By Ewen Chew  —  Nov 07 - 12:05 AM
  • AUD/USD deepens losses to 0.6435 in wake of RBA outcome

  • May threaten 0.6427 base of Bollinger uptrend channel

  • 23.6% Fibo at 0.6418 is another key chart support to watch

  • Tues close below will motivate more longs to trim bets

  • Statement suggests another hike not as likely nS9N3BF008

  • Australia, China to resume annual trade meets nL4N3C817R

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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