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Feb 22 - 01:55 PM

AUD/USD - Longs Continue To Play Defense

By Christopher Romano  —  Feb 22 - 01:30 PM
  • AUD/USD opened NY near 0.6820 after dropping overnight, a rally ensued

  • Pair traded 0.68485 as a bout of US$ weakness emerged but gains faded

  • Equity ESv1, commodity HGv1 drops & USD/CNH gains weighed on AUD/USD

  • AUD/USD fell to 0.68085, drop stalled short of the 200-DMA, bounce ensued

  • Equity bounce & USD/CNH, US rate EDZ3 drops helped AUD/USD near 0.6830

  • Techs lean bearish; RSIs falling, pair below daily clout top & 55-DMA

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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