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Dec 16 - 01:55 PM

AUD/USD - Growth Concerns, Soured Risk Give Short The Advantage

By Christopher Romano  —  Dec 16 - 01:20 PM
  • AUD/USD traded slightly lower & held a tight 0.6714-0.6676 range in NY

  • Downbeat US Dec. PMI nZON006Y2U helped fuel concerns about slower growth

  • Those concerns helped sink stocks ESv1, copper HGv1, drove risk-off

  • AUD/USD bounced off the session low & neared flat on late day US$ selling

  • Techs lean bearish; RSIs falling, monthly inverted hammer forms, 21-DMA caps

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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