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Feb 13 - 11:00 PM

AUD/USD - Relief Rally From 10Y Low May Be As Good As It Gets

By Ewen Chew  —  Feb 13 - 09:45 PM
  • Relief rally from 10-yr low hasn't yet overturned bearish weekly bias

  • Sellers will be emboldened if key technical resistance 0.6750 holds

  • Top of weekly Bollinger downtrend channel held up to initial test

  • Could motivate another selloff toward Monday's decade low of 0.6657

  • Impact of virus on China's economy likely worse than SARS nL4N2AB2IE

  • But WHO said latest data doesn't show shift in epidemic nL8N2AD7WT













AUDweekly: Click here

Source:
Refinitiv IFR Research/Market Commentary

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