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Jan 07 - 03:48 PM
AUD/USD - Shorts Show No Mercy To Longs
First appeared on eFXplus on Jan 07 - 01:25 PM
  • Pair sinks in Europe's morning, bears keep pressure on in NY

  • Bush fires impact, sinking AU rates, possible RBA cut weigh nL1N29C09L

  • Upbeat US trade & ISM non-mfg PMI boost US yields & US$ nL1N29C0A6

  • AUD/USD breaks below the 200-DMA, pierces the 55-DMA, little bounce seen

  • Longs face increased downside risks nL1N29C0TO, tech supports targeted

  • AU Nov building approvals a risk, impact likely small as US jobs data looms







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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