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Nov 28 - 02:36 AM
AUD/USD - Bears Win Affirmation, Eyes Fixed On Next RBA Cut
First appeared on eFXplus on Nov 28 - 01:20 AM
  • AUD/USD slides on stewing tension between US and China over HK

  • Reaffirms daily Bollinger downtrend channel, Ichimoku Cloud pressure

  • Two resistance levels converging strengthen intraday top at 0.6783

  • Fri close below 0.6750 will confirm weekly Bollinger downtrend channel

  • China threat to retaliate put Asia stocks on the defensive nL4N288089

  • Also justifies bears' belief in further interest rate cuts by RBA










Source:
Refinitiv IFR Research/Market Commentary

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