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Derived real-time data in partnership with:
Thomson Reuters
Dec 06 - 03:48 PM
AUD/USD - Hounded By Soured Risk
First appeared on eFXplus on Dec 06 - 01:30 PM
  • Pair stays close to low set in late Asia, sour risk to blame
  • Concerns on US-Sino trade after Huawei COO arrest help weigh
  • Global bond yield dump ups worries over broad based econ slow down
  • Wider AU-US yields spreads add weight as do falling equity markets
  • RSIs fall & pair below 10 & 21-DMAs, techs have a bearish tint now
  • Break of 55-DMA, daily cloud top & Nov 13 low put 2018 low back in play

chart: Click here

Source:
Thomson Reuters IFR Markets

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