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Thomson Reuters
Jan 02 - 03:48 PM
AUD/USD - Door Now Open To 2016's Low
First appeared on eFXplus on Jan 02 - 01:40 PM
  • Global economic growth concerns grow after China PMI downside surprise
  • Government bond yields dive sharply lower, Australian yields hit very hard
  • AU-US spreads widen to increase the greenback's yield advantage
  • Yen gets safe haven bid on soured risk, AUD/JPY slides towards 76.00
  • AUD/USD breaks through 0.7000 option barriers then sets new trend low
  • RSIs give bears momentum, Feb & Jan 2016 lows are now targeted by bears

chart: Click here

Source:
Thomson Reuters IFR Markets

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