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Jul 08 - 02:55 AM

AUD/USD - Retreats Into Downtrend; Jitters Set In Before NFP

By Ewen Chew  —  Jul 08 - 01:45 AM
  • AUD/USD retreats further to keep bearish bias intact

  • Bollinger downtrend channel effective on close below 0.6834

  • 2-year low of 0.6762 will be threatened if confirmed

  • AUD/USD longs take cover heading into US NFP data

  • Hints of risk aversion returning in S&P, SSEC, USTs

  • Japan's Abe shot during speech spooks JPY, Nikkei nL1N2YP04H

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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