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Oct 04 - 04:55 AM

AUD/USD - Sputters On Muted Reaction To Evergrande Buyout

By Ewen Chew  —  Oct 04 - 02:36 AM
  • AUD/USD back to flat after early rise, last 0.7270; rally may end

  • Mon closing below 0.7232 reinstates Bollinger downtrend channel

  • Would also be bearish under Ichimoku Cloud resistance zone

  • News of 51% buyout of Evergrande fails to lift stocks nL1N2R0016

  • Hang Seng briefly recovered slightly, but slips back to -2.3%

  • China's yuan remains undermined by developing saga nL1N2R002W

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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