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Jun 24 - 02:55 AM

AUD/USD - In Downtrend; US Economic Data May Keep It That Way

By Ewen Chew  —  Jun 24 - 01:52 AM
  • AUD/USD slips, still in downtrend despite 3 consecutive rallies

  • Thurs close below 0.7575 will keep it entrenched in bearish mode

  • Will affirm Fibo resistance, Bollinger downtrend channel have held

  • Pullback may reach Bollinger downtrend channel base at 0.7490

  • Risk-on spurred by Powell's testimony has run its course

  • US econ data including core inflation, jobless claims due later

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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