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Jan 11 - 01:55 PM

AUD/USD - Risk Bounce Slows The Bearish Tide

By Christopher Romano  —  Jan 11 - 01:22 PM
  • Pair falls sharply in early NY, follows equities, copper, iron-ore lower

  • AUD/JPY trades down near 80.00 on safe-haven buys, AUD/USD hits 0.76665 low

  • Equities .SPX bounce sharply off their lows, US$ & yen sellers emerge

  • AUD/USD shorts scramble to cover, pair rallies above 10-DMA, nears 0.7220

  • Pair still down near 0.75% on the day though and techs lean bearish

  • Daily RSI turns from overbought & monthly RSI close to diverging

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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