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Nov 18 - 03:48 PM
AUD/USD - Trade Concerns Brushed-Off, Shorts Are Nervous
First appeared on eFXplus on Nov 18 - 01:25 PM
  • Risk-off leads to sharp dive lower in early NY after quiet European morning

  • CNBC report increases concerns US-Sino trade talks in trouble nL2N27Y07F

  • Safe-haven yen bought, AUD/JPY nears 73.90, AUD/USD dips below 0.6800

  • US yields stay heavy, US$ broadly sold, AUD/USD rebounds, 0.6825 neared

  • Pair above 55-DMA, long lower wick on daily candle; daily techs warn shorts

  • Longs need break above 0.6840/65 zone in order to take greater control

  • Panel discussion with RBA's Kent, RBA's November minutes are risks in Asia


chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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