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Jun 12 - 09:55 PM

AUD/USD - Enters Bearish Trench As Asia Stocks Get Bulldozed

By Ewen Chew  —  Jun 12 - 08:15 PM
  • AUD/USD extends fall to 0.7015 from open 0.7035

  • Enters daily Bollinger downtrend channel at 0.7042

  • Further downside likely till 0.6961 base of channel

  • US inflation fears heightened ahead of FOMC decision Wed

  • Asian stocks bulldozed in wake of Wall St tumble Fri

  • Nikkei -2.4%, Kospi -2.0%; Australia markets closed

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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