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May 15 - 05:55 PM

AUD/USD - Fed Comments Don't Deter Longs, 200-DMA In Focus

By Christopher Romano  —  May 15 - 01:55 PM
  • AUD/USD opened NY near 0.6690 after rallying in Asian & Europe

  • Muted reactions to NY Fed's April manufacturing index data

  • Despite rate SRAU3, US$ drops after data AUD/USD was quiet

  • Influence from upbeat risk sentiment eventually took control though

  • Commodity DCIOc2, equity ESv1 gains & USD/CNH drop buoy risk sentiment

  • AUD/USD broke the May 12 daily high, hit 0.6708 then neared 0.6700 late

  • Rally stalled just short of the 200- & 10-DMAs but the rally may extend

  • Daily, monthly RSIs rising & pair is above 55-DMA and the daily cloud base

  • China April industrial output, retail sales are data risks in Asia

  • US April retail sales, Fed's Mester, Williams Logan are risks in NY Tuesday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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