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Thomson Reuters
May 07 - 08:36 PM
AUD/USD - Trade Fears, Sour Risk Erode RBA Induced Gains
First appeared on eFXplus on May 07 - 01:40 PM
  • Pair heavy in NY as US-Sino trade concerns remain, global bond yields sink
  • Risk-off sentiment give yen a bid, AUD/JPY nears 77.10, AUD/USD also sinks
  • Sharp drop in equity and copper prices help AUD/USD fall below 10-DMA
  • Long upper wick on daily candle, falling monthly RSI have techs lean bearish
  • Short-term risks are to downside but bears could be surprised

chart: Click here

Thomson Reuters IFR Markets


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