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Jan 03 - 01:55 AM

AUD/USD - Not Giving Up On Attempts To Escape Bearish Rut

By Ewen Chew  —  Jan 03 - 12:55 AM

• AUD/USD creeps up to 0.6220 from 0.6203; edging higher

• Makes another try to escape Bollinger downtrend channel

• Fri close above 0.6202 will nullify that bearish cue

• But more technical resistance levels lie above to cap

• 21 DMA at 0.6283 will attract plenty of short-sellers

• That key barrier triggered deflections lower in Nov-Dec
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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