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Aug 15 - 02:55 AM

AUD/USD - Rises But Bulls Have Their Work Cut Out For Them

By Ewen Chew  —  Aug 15 - 01:40 AM
  • AUD/USD rises to 0.6622 on Australia jobs data nL1N3K202B

  • But still too soon to confirm the rally can continue

  • A close above 0.6620 engages Bollinger uptrend channel

  • But Ichimoku cloud resistance overhead impedes upside

  • Closing above cloud top 0.6702 needed to clear a path higher

  • Mixed China data aids, but US retail sales today will matter

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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