Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Jul 06 - 07:55 PM

AUD/USD - Opens Lower After Risk Aversion Leads To Key Reversals

By John Noonan  —  Jul 06 - 06:21 PM
  • AUD/USD opens 0.41% lower after completing a bearish outside day

  • Risk aversion gripped markets after weak German & US data spooked investors nL5N2OI0V9nL5N2OI2LCnN9N2KB023

  • Investors flocked to safe-haven on fears global growth is losing momentum

  • Central banks looking to scale accommodation also adding to investor angst

  • Lon copper was up 1.25% at one stage before closing over 2% lower

  • AUD/USD longs taken on RBA QE tweak forced out as risk currencies plunged

  • AUD/USD support at last week's 0.7445 low the next objective

  • Resistance is at the 10-day MA at 0.7525 and break would ease pressure

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved