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Thomson Reuters
Apr 25 - 03:48 PM
AUD/USD - Bulls Try To Fend-Off Soured Risk
First appeared on eFXplus on Apr 25 - 01:30 PM
  • Pair hits new low in early NY on US data & risk-off sentiment nL1N2270H2
  • Bears can't extend slide much below 0.6990, equity bounce eases risk-off
  • AUD/USD back near 0.7010 & 50 Fib of 0.6715-0.7295 late in the day
  • EM ccys stay weak & USD/CNH near high late, remains traders of bear risks
  • Despite AUD/USD resiliency risks to downside increase nL1N2270V6
  • U.S. Q1 GDP now eyed, if upbeat more bear pressure on AUD/USD is likely

chart: Click here

Source:
Thomson Reuters IFR Markets

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