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Nov 14 - 01:55 AM

AUD/USD - Denied Bullish Breakout Above Cloud, 100 DMA

By Ewen Chew  —  Nov 14 - 12:25 AM
  • AUD/USD turns below 100 DMA, Ichimoku cloud top 0.6706

  • Closing above that resistance needed for more headroom

  • Bullish breakout avoided for now; longs consolidate

  • Last at 0.6677, down from intraday high 0.6722

  • May bottom out around 50% retracement line 0.6649

  • Ignores China announcing real estate sector aid nL1N32A02T

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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