By Christopher Romano — May 12 - 01:40 PM
Safe-haven buys of US$, yen persist in NY as risk-off dominates
EquitiesESv1, copperHGv1, AUD/JPY all fall sharply on the session
Early NY USD/CNH dip gets bought, pair neared 6.8240 late in the day
AUD/USD opened NY near 0.6880, 0.6841 hit, bounce near 0.6895 met sellers
Soured risk persists & helps AUD/USD break 0.6840 late in the session
Techs are bearish; daily, monthly RSIs falling, pair below the 10-DMA
AUD/USD shorts target major 50% Fib of the 0.5510-0.8007 rally at 0.6759
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Source:
Refinitiv IFR Research/Market Commentary