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Aug 12 - 08:36 PM
AUD/USD - Under Pressure As Investors Rush For Safe-Haven
First appeared on eFXplus on Aug 12 - 06:45 PM
  • AUD/USD opens 0.5% lower after AUD/JPY fell 0.85% on safe-haven flows
  • Consensus forming that US-China trade war will drag on and escalate nL4N257086
  • US Treasury yields plunge on safe-haven flows and US recession fears
  • Escalating HK political violence spooking investors and weighing in EM nL4N2580D0
  • AUD/USD support formed at 0.6745 and break targets Aug 7 low at 0.6677
  • Hourly resistance and sellers tipped just ahead of 0.6800
  • Asian equity markets, CNY fix and Tokyo AUD/JPY flows to determine direction

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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