The Aussie is pressured on the back of a poor Aus Q4 GDP reading.
Across the board bearish signals from intermarket analysis see risk skewed to the downside.
Macro bearish trends in AU-US bond yield spread and DXY+Yuan (inverted) adds to AUD - case.
Break and hold sub 7050/60 swing low is critical to open up next target at 70c.
Across the board bearish signals from intermarket analysis see risk skewed to the downside.
Macro bearish trends in AU-US bond yield spread and DXY+Yuan (inverted) adds to AUD - case.
Break and hold sub 7050/60 swing low is critical to open up next target at 70c.
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