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Dec 16 - 07:55 AM

AUD/USD - Drops To Eye Thursday's Low Amid Risk Aversion

By Rob Howard  —  Dec 16 - 06:15 AM
  • AUD/USD down to threaten 0.6677 as European shares fall further nL4N3361SL

  • 0.6677 was Thursday's low, after biggest one-day fall since March 2020

  • Thursday's tumble was fuelled by risk aversion (AUD is risk-sensitive)

  • Recovery rally from 0.6677 topped out just shy of 0.6737 (21DMA) in Asia

  • 0.6669 (last week's low) is a support point sub-0.6677 (0.6670 is 100DMA)

  • There is a large 0.6700 option expiry for the 10am ET NY cut nL1N3360CI

Source:
Refinitiv IFR Research/Market Commentary

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