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Sep 21 - 03:55 PM

AUD/USD - Little Relief For Longs In Soured Risk Environment

By Christopher Romano  —  Sep 21 - 01:55 PM
  • AUD/USD falls in Europe am; risk-off sees investors sell stocks, commodities

  • EM & high beta ccys sinks vs US$, USD/CNH nears 6.8100, copper falls

  • AUD/JPY nears 75.25, AUD/USD slide extends in NY , trades 0.7270-0.7200

  • Very little bounce seen as risk-off persists, pair near day's low late

  • Techs are bearish, RSIs fall, head & shoulders pattern completes

  • Timing is bad for investors that have gone long aussie nL2N2GI0TM

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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