By Christopher Romano — May 19 - 01:38 PM
• NY opened near 0.64445 after 0.63995 traded overnight, rally extended in NY
• After an early dip toward 0.6435 buyers emerged, pair rallied just above the 200-DMA
• 0.64645 traded before the a firmed US$ helped send the pair toward 0.6455 late
• AUD/USD gains were aided by equities, copper turning positive on the session
• USD/CNH slide down towards 7.2125 also helped underpin AUD/USD
• Techs are a bit mixed; struggles above 200-DMA persist, head & shoulder top may be forming
• Rising monthly, daily RSIs, hold above 0.6350/0.6400 give
longs
some comfort
audusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters