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Sep 20 - 03:48 PM
AUD/USD - Slide Extends On Rates Views, Safe Haven Flows
First appeared on eFXplus on Sep 20 - 01:45 PM
  • Pair slides from 0.6795 area on RBA view shifts in early NY

  • Global bonds, US$, JPY & CHF bought while EM & high beta ccys get sold

  • Bears break 50% Fib of 0.6678-0.6895 & 0.6670/80 support, no bounce seen

  • Added bear pressure as hopes of eased US-Sino trade tensions diminish

  • Trump says China ag buys are not enough, wants a complete deal nW1N24J00T

  • China ag delegation scraps Montana farm visit & go home early

  • USD/CNH spikes above 7.1150, stocks turn negative, AUD/USD touches 0.6760

  • Techs lean bearish, long upper wick on monthly candle, daily RSI falling







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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