By Krishna K — May 12 - 06:50 PM
AUD/USD declines 1.2% Thursday as risk aversion grips global markets
World shares sink on inflation, economic fears; S&P 500 nears bear market
Metals slide; London copper drops below $ 9000 to 7-month low before bounce
China's COVID-related lockdowns add to global growth concerns, weigh on AUD
AUD/JPY selling undermines as sizable short JPY positions unwound
Support 0.6830-35, 0.6800-05,0.6759,50% Fib of 0.5510-0.8007 rise in 2020-21
Resistance 0.6910-15,0.6945-50; AUD/JPY, Asia stock markets to dictate moves
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Source:
Refinitiv IFR Research/Market Commentary