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May 22 - 02:36 PM

AUD/USD - Risk-Off Halts Rally But It Remains Intact

By Christopher Romano  —  May 21 - 02:20 PM
  • Pair is down on the day as NY opens nL1N2D30JV but rallies early

  • Equity bounce, copper gains, AUD/JPY rally near 71.10 boost AUD/USD

  • 0.6600 neared but sellers emerge; US$ & yen firm as risk sours further

  • Investors concerned about US-Sino tensions nL4N2D33D3nW1N2BH00Q

  • AUD/USD drops near 0.6555 but lifts, sits near 0.6565 late in the day

  • Rally off March 19 low intact, 0.6663/0.6685 is an impediment for bulls

  • Bears need back below 0.6370 support if they want to take control










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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