By Christopher Romano — May 24 - 10:30 AM
The Australian dollar is broadly offered as global growth concerns increase
Iron-oreDCIOc2, copperHGv1 fall to late 2022 levels on China worries
Equity ESv1 fall & buoyant USD/CNH reinforce concerns for growth assets
Safe-havens US$, yen gain; AUD/JPY fell below 90.90, AUD/USD struck 0.6543
AUD/USD broke the 61.8% Fib of the 0.6170-0.7159 rally, held near the low
May's monthly inverted hammer, falling RSIs imply more downside is possible
AUD/USD shorts may target 0.6400 on close below the Fibo, Oct. monthly high
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Source:
Refinitiv IFR Research/Market Commentary