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Sep 04 - 11:00 PM
AUD/USD - Shorts Shaken Out, Bulls Get Signal To Charge
First appeared on eFXplus on Sep 04 - 09:20 PM
  • AUD/USD pulls higher after entering bullish path on Wed
  • Second straight rally triggers Bollinger uptrend channel
  • Base of channel at 0.6787 will entice dip-buyers
  • Rally spurred by Q2 GDP, Hong Kong extradition bill withdrawal
  • Further bullish potential with likely weak US NFP due on Fri
  • Poor US data would reinforce view that Fed cuts rates deeper

AUD: Click here

Refinitiv IFR Research/Market Commentary


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