Second leg of Risk Assets Correction Creates Upside Risk in EURAUD

Key points: EURAUD soared up by almost 3,000 points in March touching 1.98 level mirroring the flight from risk assets (stocks, commodities, HY bonds); Sustained recovery of commodity prices limits downside risk for AUD; Another “leg” of stock market correction increases chances for a test of the upper bound of the medium-term trend channel (see […]

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