By Ewen Chew — Feb 21 - 01:15 AM
AUD/USD retreats to 0.6890, deterred by 23.6% Fibo at 0.6925
Slips under 50 DMA support 0.6892; chart turning bearish
Tues close below that also engages Bollinger downtrend channel
That will sway AUD/USD toward Ichimoku cloud support 0.6847
RBA's hawkish tone at last meeting insufficient to buoy AUD
Risk-off spreads through Asia as China stocks reverse gains
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary