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Sep 25 - 03:55 PM

AUD/USD - Bears Pleased With Price Sinking Below The Cloud

By Christopher Romano  —  Sep 25 - 01:55 PM
  • Pair trades 0.7087 in Europe's am, bears emerge, NY opens near 0.7040

  • Early risk-off sentiment drives investors into safe-havens US$ & yen

  • AUD/JPY trades down near 74.00, equities & commodities sink in early NY

  • AUD/USD trades near 0.7005 before a meager bounce lifts it near 0.7020

  • Pair holds below the daily cloud despite rebound in stocks, commodities

  • Bearish outside day candle, falling daily & monthly RSIs are bear tech signs

  • A key Fibo & possibly lower are now bear targets nL2N2GM0VC

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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