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Feb 03 - 02:55 AM

AUD/USD - May Catch A Reprieve For Now; Wed Close Decisive

By Ewen Chew  —  Feb 03 - 01:51 AM
  • AUD/USD bogged down by dovish RBA remarks but holding steady

  • Tentatively solid support at 50 DMA near 0.7603 deters sellers

  • But a Wed close below would cement near-term bearish bias

  • Would affirm Bollinger downtrend channel which now caps 0.7650

  • Further drop to Ichimoku Cloud at 0.7505 may then pan out

  • Conversely, if 50 DMA holds, consolidation higher could follow

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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