Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 17 - 02:55 AM

AUD/USD - Longs Capitulate, Trim Bets On Possible US Debt Deal

By Ewen Chew  —  May 17 - 02:00 AM
  • AUD/USD slumps to 0.6641 from Wed peak 0.6671; ASX ends -0.4%

  • At risk of entering Bollinger downtrend channel at 0.6630

  • Closing below will steer it toward 61.8% Fibo 0.6547

  • Longs trimming on chance US debt limit can be raised

  • Failure to do so would severely hurt USD reserve status

  • Biden cuts short Asia trip for debt negotiations nL1N37D0XM

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!