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Jan 09 - 01:55 AM

AUD/USD - Veering Back Into Technical Rut; Bids Beware

By Ewen Chew  —  Jan 09 - 12:34 AM

• AUD/USD drops to just under 0.6200 barrier, low 0.6195

• Veering back toward Bollinger downtrend channel 0.6192

• Thurs close below that support skews it lower near-term

• Drop follows Australia Nov retail sales missing forecast

• Bets on a RBA rate cut in Feb remain undeterred

• Chin negativity persists with soft inflation data
AUD:


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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