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Nov 06 - 03:48 PM
AUD/USD - Risk Shift Deflates Early Buoyancy
First appeared on eFXplus on Nov 06 - 01:40 PM
  • Buoyant AU yields contrast soft US rates, AUD/USD firm early nL2N27M0KI

  • Pair holds near Europe's high but day's gains erased as risk-off takes hold

  • Possible delay to signing of US-Sino deal sinks stocks, EM & high beta ccys

  • Deal is still likely but could be delayed to December nL2N27M12F

  • AUD/USD sinks and pierces the 10-DMA, little bounce seen, near 0.6875 late

  • RSIs fall, daily cloud drops, t-l resistance remains, techs lean bearish







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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