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Sep 28 - 03:55 PM

AUD/USD - Soured Risk, Cloud Break Puts Key Support Back In Focus

By Christopher Romano  —  Sep 28 - 02:07 PM
  • Concerns on China, Europe energy squeeze drives risk-off sentiment

  • Equities ESv1, copper HGv1 sink as concerns of slower growth rise

  • US$ bought on risk-off, also bought on US rate rise US10YT=RREDU2

  • USD/CNH rallies toward 6.4670, USD/JPY rallies to 111.64 on EBS

  • AUD/USD falls below daily cloud base, nears key support in the 0.7220 area

  • Pair just above the session low late in the day, suggests shorts in control

  • Falling daily, monthly RSIs, inverted monthly hammer give techs a bear lean

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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