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Oct 01 - 11:00 PM
AUD/USD - Bobs Up, But Blood Already In The Water
First appeared on eFXplus on Oct 01 - 08:50 PM
  • AUD/USD bobs up to 0.6710 from close 0.6704 as DXY recoils lower

  • But bearish AUD bias remains intact, after decade low 0.6672 on Tues

  • Bollinger downtrend channel ought to keep a lid on 0.6750 intraday

  • After Tuesday's RBA rate cut, bears pounced on the brief spike

  • Sharp downturn afterward reveals lack of any real bullish conviction

  • Pysch barrier at 0.6500 is next obvious target for shorts










AUDdaily: Click here

Source:
Refinitiv IFR Research/Market Commentary

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