Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 12 - 03:55 PM

AUD/USD - Risk-Off Keeps Longs On Defense, Key Fibo In Focus

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

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!