By Christopher Romano — May 23 - 07:06 AM
• AUD/USD rallied 0.64085-0.6465 overnight, NY opened near that high, up +0.83%
• US yield drops sank US$ which lifted AUD/USD above the 200-DMA
• USD/CNH fell sharply, traded 7.2043-7.1742 and was down -0.34% in early NY
• Gold and copper gains helped give AUD/USD an added boost
• Rising monthly RSI, consolidation phase are bullish signals
• Pair's struggles above the 200-DMA, round top pattern likely concern longs
• Fed's Musalem, Schmid, Cook to speak Friday, may impact
risk
sentiment
audusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters