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Mar 18 - 03:48 PM

AUD/USD - Probe Of Key Support Begin, Bears Unrelenting

By Christopher Romano  —  Mar 18 - 01:00 PM
  • US$ buying persists across many asset classes, AUD/USD slide deepens

  • Equities, global gov't bonds & commodities sold to attain US$ nL1N2BB0OK

  • Despite currency basis swaps showing less US$ funding issues US$ rallies

  • AUD/USD trades to new 17-year low, probes the 0.5795/0.5820 support zone

  • Bears have full control, a 0.5795 break likely deepens fall nL1N2BB1DL







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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