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Apr 18 - 11:55 PM

AUD/USD - Breaks Below 0.6380 As Middle East Crisis Escalates

By John Noonan  —  Apr 18 - 09:50 PM
  • Reports of missile explosions in Iran leading to heavy safe-haven flows nS0N3GP00K

  • Gold up 1.0%. Oil up over 2.0% while E-minis -1.0% and US yields lower

  • FX fear gauge, the AUD/JPY is down over 1.0% as risk gets slammed

  • AUD/USD has broken below Tuesday's 0.6389 low t a 0.6369 low so far

  • Minor support is at a Nov 10 pullback low at 0.6339

  • The objective of current move lower is the Oct 26 low at 0.6271

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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