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Aug 27 - 03:55 AM

AUD/USD - Finds Traction, Heads To 0.7300; Shorts May Flinch

By Ewen Chew  —  Aug 27 - 02:42 AM
  • AUD/USD rallies to 0.7253 after languid start; affirmative bias

  • Bounce off entrance of Bollinger downtrend channel is significant

  • Bulls pushing toward 21 DMA 0.7303 may spook AUD shorts

  • Closing above that line will open pathway for further recovery

  • Jackson Hole later today might provide catalyst for weaker USD

  • Powell expected to downplay odds of earlier tapering

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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