By Ewen Chew — Feb 16 - 12:50 AM
AUD/USD may stay pressured if it ends Thurs below 0.6925
That places it under 23.6% Fibo, in Bollinger downtrend channel
Bearish move may resume, keeping 50 DMA line vulnerable
If that downside barrier at 0.6887 is breached, bears will add
Ichimoku cloud at 0.6822 will then become next target
AU jobs disappointed Thurs, but Asia stocks rally props up AUD
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary