{"id":9579,"date":"2010-05-19T12:28:41","date_gmt":"2010-05-19T16:28:41","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9579"},"modified":"2010-05-19T12:28:41","modified_gmt":"2010-05-19T16:28:41","slug":"audusd-underperforms-in-risk-route","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/19\/audusd-underperforms-in-risk-route\/","title":{"rendered":"AUD\/USD Underperforms in Risk Route"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The Aussie is underperforming again as the currency pair suffers from the RBA\u2019s tightening monetary stance.\u00a0 Hence, with the window of future rate increases closing, the Aussie is losing a bit of its allure as a safe bet.\u00a0 Furthermore, it is likely that the concept of a slowdown in China is weighing on the Aussie with the Shanghai Composite entering a bear market.\u00a0 A cool down in China implies a reduction in demand for Australian resources, clearly an Aussie negative since China has been fueling Australia\u2019s economic growth.\u00a0 Meanwhile, uncertainty in the EU surely doesn\u2019t help the Aussie\u2019s cause since the RBA noted it is concerned about a spillover from fiscal issues in European countries.\u00a0 Therefore, with the entire risk trade under pressure the Aussie has opted to assert a relative weakness due to a combination of both global and domestic problems.\u00a0 Although Australia will release inflation expectations data tomorrow, attention will likely remain focused on the EU with leaders jockeying to agree upon details for the $1 trillion fiscal rescue package.\u00a0 Unfortunately, as long as EU leaders argue the longer the Aussie and risk trade will remain under pressure.<\/p>\n<p>Technically speaking, the Aussie faces technical barriers in the form of intraday and 5\/18 highs. As for the downside, the Aussie has technical cushions in the form of intraday and September 2009 lows<\/p>\n<p>Price: .8411<br \/>\nResistances:\u00a0 .8412, .8427, .8442, .8461, .8479, .8494, .8514<br \/>\nSupports:\u00a0 .8395, .8377, .8358, .8342, .83<br \/>\nPsychological:\u00a0 .85, .84, .83, September and August 2009 lows<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/May19Aussie.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/May19Aussie.png\" alt=\"\" width=\"595\" height=\"400\" \/><\/a><\/p>\n<p><em><strong>Market Commentary<\/strong><\/em> provided by <a href=\"http:\/\/www.fastbrokers.com\/index.php?CP001\" target=\"_blank\"><strong>Fast                             Brokers<\/strong>.<\/a><\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is                             provided for information purposes only and under no               circumstances        should        be regarded neither as  an       investment        advice nor as a        solicitation    or     an    offer     to sell\/buy     any    financial  product.        FastBrokers     assumes      no          responsibility   or liability   from  gains  or         losses    incurred by      the          information herein      contained.<\/p>\n<p><strong>Risk Disclosure:<\/strong> There is a substantial risk of loss                             in trading futures and foreign exchange.    Please           carefully        review     all     risk disclosure    documents    before        opening an    account     as these         financial       instruments  are   not     appropriate    for all        investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Fast Brokers &#8211; The Aussie is underperforming again as the currency pair suffers from the RBA\u2019s tightening monetary stance.\u00a0 Hence, with the window of future rate increases closing, the Aussie is losing a bit of its allure as a safe bet.\u00a0 Furthermore, it is likely that the concept of a slowdown in China is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/19\/audusd-underperforms-in-risk-route\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AUD\/USD Underperforms in Risk Route&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9579","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=9579"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9579\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}