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Jul 19 - 04:55 PM

AUD/USD - Upbeat Risk Helps The Rally Extend

By Christopher Romano  —  Jul 19 - 01:50 PM
  • AUD/USD rallied sharply overnight with the RBA's help, NY opened near 0.6895

  • Buoyant equities ESv1, yields YTTc1 and AUD/JPY gains help lift AUD/USD

  • USD/CNH hold near session low, copper HGv1 bounce help lift riskier assets

  • AUD/USD hits 0.69125 & pulls back only slightly, sits near 0.6905 late

  • Techs are bullish; 21-DMA breaks, day RSI rises, July long legged doji forms

  • Speech by RBA Governor Lowe is an event risk during Asia trading hours

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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