By Ewen Chew — Nov 12 - 12:30 AM
AUD/USD slips into Bollinger downtrend channel, last 0.6553
Tues close below 0.6566 confirms bearish technical bias
Points to test of last Wed trough 0.6510, then 0.6500 barrier
Below that psych level, Aug low of 0.6346 becomes visible
Looming Trump threat to China, thereby commodities, weighs
Market still pricing in likely inflationary Trump policies
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary