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Thomson Reuters
Oct 04 - 03:48 AM
AUD/USD - Hits New Trend Low, No Base In Sight Yet
First appeared on eFXplus on Oct 04 - 01:25 AM
  • AUD/USD breaks the Sept trend low at 0.7985, trades to a low of 0.7079
  • UST yields zoom higher, 10 year yields hits a high of 3.2150%
  • Stocks across the region hit hard, adds to risk-off mood. MSCI AXJ -1.6%
  • No technical support nearby, AUD/USD has a clear run at 70 cents
  • Any rallies to be sold, resistance at 0.7140/45

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