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Sep 29 - 03:55 AM

AUD/USD - Wobbles After Strong Start; Downtrend Still Valid

By Ewen Chew  —  Sep 29 - 01:45 AM
  • AUD/USD drifts back down to 0.7079 from as high as 0.7097

  • Greenback recovers broadly across Asia despite rising stocks

  • US stimulus bill may be close, could lift USD nL1N2GP224

  • Potential for resumption of AUD/USD fall still exists

  • Tues close below 0.7120 keeps Bollinger downtrend channel intact

  • A drop through Ichimoku Cloud base at 0.7026 would spark selloff

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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