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Oct 28 - 03:55 PM

AUD/USD - Risk-Off Gives Bears The Advantage

By Christopher Romano  —  Oct 28 - 01:45 PM
  • Pair falls hard in Europe's am as lockdowns sour risk, NY opens near 0.7085

  • Tighter AU-US spreads, equity & copper add weight on AUD/USD nL1N2HJ0W3

  • AUD/JPY fall near 73.40, USD/CNH rally above 6.7350 help sink AUD/USD

  • Pair nears 0.7035 before any bounce is seen, nears 0.7050 late in the day

  • Signals suggest probability of a much deeper fall increases nL1N2HJ1PN

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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