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Nov 20 - 03:48 PM
AUD/USD - Longs Cannot Overcome Trade Concerns U.S. Dollar Bid
First appeared on eFXplus on Nov 20 - 01:25 PM
  • Pair trades with a heavy tone for most of NY as risk sentiment sours

  • Fear US-Sino trade talks deteriorating weigh nL2N2800ETnL2N2800M3

  • Stocks & global bond yields sink, safe haven US$ & JPY gain, AUD/JPY falls

  • AUD/USD adds to overnight losses, slides below 55-DMA, nears daily cloud top

  • RSIs deepen bear bias, thin cloud attract, techs growing more bearish

  • November Aussie, global PMIs on Friday are key risks AUD/USD longs face







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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