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Thomson Reuters
Mar 10 - 11:00 PM
AUD/USD - Rally Doused After Hitting Cloud, Downtrend Ceiling
First appeared on eFXplus on Mar 10 - 08:40 PM
  • AUD/USD likely slides back down after failing key resistance
  • Ichimoku Cloud meets ceiling of downtrend channel at 0.7055
  • Sharp turnaround seen after negative-USD reaction to NFP data
  • Bearish trajectory suggests psych barrier 0.7000 will go soon
  • Another steep fall in Chinese stocks could be nail in coffin

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