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Refinitiv
Feb 26 - 02:36 PM

AUD/USD - No Floor In Sight Yet

By Christopher Romano  —  Feb 26 - 01:05 PM
  • Pair opens just off Asia low, small lift near 0.6580 sold into nL2N2AQ09X

  • Despite upbeat risk sentiment AUD/USD slides lower, 0.6550 neared

  • AUD/USD risk reversals show premiums for puts over calls grows again

  • RSIs continue to imply bearish momentum remains; rally selling to persist

  • AUD/USD longs side lined, AU Q$ CAPEX due tonight helps keep them quiet

  • Bearish factors have shorts targeting the 0.6400/15 zone nL2N2AQ0S5







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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