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Jun 17 - 03:55 AM

AUD/USD - Dunked Again; Might Stay Under This Time

By Ewen Chew  —  Jun 17 - 02:30 AM
  • AUD/USD dunked below 0.7000 watermark again, last 0.6998

  • Teases entry into Bollinger downtrend channel at 0.7008

  • Fri close below cements near-term bearish bias

  • AUD/USD might head for May low 0.6829 if signal confirmed

  • USD broadly stronger as UST yields recover from risk-off

  • S&P futures rising modestly, last +0.5%, after Thurs wipeout

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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