By Ewen Chew — Aug 24 - 08:15 PM
AUD/USD mowed down late Thurs, more than erasing Wed gains
Last 0.6417, re-enters Bollinger downtrend channel
Fri close below 0.6417 confirms bearish chart bias
That will set it on course to toward 0.6300 barrier
Risk-off hit hard before Powell speech at Jackson Hole Fri
Hawkish Fed-speak tanked stocks, boosted US yields nL1N3A51Y5
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary