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Jan 15 - 03:55 PM

AUD/USD - Soured Risk, Commodity Drop Gives Bears The Advantage

By Christopher Romano  —  Jan 15 - 01:45 PM
  • Downbeat risk drives US$ & yen buys in Europe's am, NY opens near 0.7740

  • Equities, copper fall hard in early NY, AUD/JPY sinks near 79.70

  • AUD/USD falls to 0.7682, drop aided by USD/CNH rally near 6.4850

  • Equity bounce helps AUD/USD lift near 0.7730, pair still down ~0.84% late

  • Techs favor bears, daily RSI drops, 10-DMA & t-l off Nov low pierced

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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