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Jul 31 - 03:55 AM

AUD/USD - Plunge On RBA Easing Bets Points To Next Lower Fibo

By Ewen Chew  —  Jul 31 - 01:50 AM
  • AUD/USD plunges to 0.6480, lowest since May; room below

  • Aims for 78.6% Fibo support 0.6456 after breaking 61.8%

  • If next Fibo breached, 0.6400 psych barrier in sight

  • Australia's Q2 core CPI cooling sank AUD nL1N3JN02T

  • Bets on RBA hike have reversed to pricing in rate cut

  • Yen crosses collapsing with BOJ rate hike add weight

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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