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Thomson Reuters
May 21 - 11:00 PM
AUD/USD - Fails To Escape Funnel; Jan 2016 Low In Sight
First appeared on eFXplus on May 21 - 08:50 PM
  • AUD/USD longs look in trouble after failed breakout Tues
  • Rejection by ceiling of Bollinger downtrend channel spotted
  • Bearish chart pattern still in effect after RBA minutes
  • Jan 2016 bottom of 0.68285 likely the near-term target
  • Outlook for US-China relations remains negative, hurting AUD
  • But China's plans for shoring up yuan could help nL4N22X2MS

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