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Aug 15 - 03:55 AM

AUD/USD - Longs Shunned After Dismal China Numbers

By Ewen Chew  —  Aug 15 - 02:40 AM
  • AUD/USD extends pullback, verging on 100 DMA breakdown

  • Potential loss of support at 0.7080 will weigh it lower

  • Could lead to test of Bollinger uptrend channel floor

  • If it ends Mon below 0.7048, 38.2% Fibo support breached too

  • These signals will persuade more AUD longs to bail

  • China's dismal economic numbers spur rate cut nL4N2ZO0XF

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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