Signs point to fading bullish momentum for AUDUSD

AFTER a golden cross that confirmed an uptrend for AUDUSD, there are now signs that the bullish momentum is fading for the pair. In the medium term, we hold the view that AUDUSD may stage a trend reversal to the downside. However, in the immediate short term, signs are showing that the pair will have a small rebound or consolidation around its current range, before resuming its broader downtrend.


See also  Wilmar's China unit IPO to raise $2.8 billion; GIC among strategic investors

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.