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Feb 10 - 02:36 AM

AUD/USD - Pulls Out Of Tailspin But Not Clear Of Danger Yet

By Ewen Chew  —  Feb 10 - 12:40 AM
  • AUD/USD hit 10-year low 0.6657, then recoiled as Asia stocks turned

  • Bounces away from descending trendline support at 0.6652

  • But not out of danger zone, as Bollinger downtrend channel intact

  • Closing above 0.6712 would nullify bearish chart pattern

  • Risk-off abruptly faded as more Chinese returned to work nL4N2AA01K

  • SSEC was briefly positive as some factories resume production












Source:
Refinitiv IFR Research/Market Commentary

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