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May 13 - 02:55 AM

AUD/USD - Relief Rally Will Struggle To Reach 0.7000

By Ewen Chew  —  May 13 - 02:10 AM
  • AUD/USD shorts trimming fuel a rise to 0.6900 from 0.6857

  • But relief rally may run out of steam towards 0.6962

  • Ceiling of Bollinger downtred channel will attract offers

  • Psych barrier 0.7000 may take a few attempts to be reclaimed

  • Tentative risk bounce dampens USD broadly; S&P futures +0.9%

  • China hints on policy, reopening goals nL2N2X502RnB9N2W402P

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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