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Sep 16 - 03:48 PM
AUD/USD - Longs At-Risk But Key Support Is Intact
First appeared on eFXplus on Sep 16 - 01:30 PM
  • Saudi oil facility attack keeps risk sentiment soured, US$ broadly bid

  • Stocks, commodities, bond yields sink, safe haven yen gains, AUD/JPY falls

  • AUD/USD falls in NY, nears 0.6840/50 support but slide stalls

  • US$ bid fades, AUD/JPY bounces, AUD/USD nears 0.6865 late in the day

  • Consolidation of recent gains persist, monthly doji suggests indecision

  • Fed risk looms, AUD/USD longs need a dovish Fed for rally to resume

chart: Click here

Refinitiv IFR Research/Market Commentary


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