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May 16 - 03:55 AM

AUD/USD - Slides As US Debt Limit Hopes May Get Dashed

By Ewen Chew  —  May 16 - 02:15 AM
  • AUD/USD slides to 0.6670 from 0.6700, flashing bearish cue

  • Pullback drags it back under Ichimoku cloud resistance 0.6861

  • Tues close below 0.6635 engages Bollinger downtrend channel

  • That will intensify bearish outlook toward 0.6500 barrier

  • U.S. debt ceiling hopes could easily be dashed nL1N37C1O7

  • Time running out as Biden heads to Japan for G7 meet

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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