Aussie dollar, another inflation expectation proxy, falling through the support trend just as the macro is pointing to deflationary risks returning to the forefront.
AUD/USD has exploded higher since late March. Downside risk in Aussie dollar is heavy right now. Especially with Beijing seeing rising cases as well...
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.