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Jul 29 - 02:55 AM

AUD/USD - Still Looks Good To Go, Especially On Weekly Chart

By Ewen Chew  —  Jul 29 - 12:50 AM
  • AUD/USD paused along with other FX ahead of US FOMC; last 0.7165

  • But bullish outlook likely to hold firm, weekly chart shows

  • Clear break of weekly Ichimoku Cloud added second bullish cue

  • Weekly Bollinger uptrend channel base now converges with Cloud

  • Target of 200-week moving average at 0.7261 now within reach

  • Likely dovish stance from Fed as US virus cases keep rising

  • For more click on FXBUZ

weeklyAUD: Click here

Refinitiv IFR Research/Market Commentary


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