By Christopher Romano — Mar 23 - 11:55 AM
AUD/USD turned negative in early NY trading, 0.74535 hit then buyers emerged
Equity ESv1 bounce off lows, copper HGv1 gains help buoy risk sentiment
Improves risk drive some yen sales, AUD/JPY rallies above 90.75
Australian yields AU3YT=RR near 3 1/2-year highs help prop up the A$
AUD/USD nears 0.7500 before a slight dip, pair up +0.33% into NY mid-day
Daily, monthly RSIs rising & not overbought, implies upside momentum remains
Dip buyers becoming aggressive, probability for test of 0.7600 is growing
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Source:
Refinitiv IFR Research/Market Commentary