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May 17 - 04:55 AM

AUD/USD - Fizzles Despite Lower UST Yields; Longs Precarious

By Ewen Chew  —  May 17 - 02:37 AM
  • AUD/USD slips to 0.7758, tentatively ending relief rally

  • Failure to close above Ichimoku Cloud top 0.7770 will deter bulls

  • Weakness, despite US yields slipping, warrants caution

  • Risk appetite shaken by substantial Asia stocks selloff

  • Virus resurgent in various countries spooking investors

  • China data mixed, offering scant relief for AUD nL2N2N4032

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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