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Sep 21 - 03:55 AM

AUD/USD - May Remain In A Rut Despite Tentative Bounce

By Ewen Chew  —  Sep 21 - 01:45 AM
  • AUD/USD rebounds Tues but not enough to fend off bears

  • Tentatively still inside daily Bollinger downtrend channel

  • Needs a close above 0.7275 to shed negative technical bias

  • That would fuel further rise to 21 DMA resistance 0.7330

  • RBA optimistic for economy but still dovish nL1N2QN02A

  • FOMC on Wed may signal taper coming earlier, weigh on AUD/USD

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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