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Nov 19 - 03:48 PM
AUD/USD - Greenback Sales Trump RBA's Effect
First appeared on eFXplus on Nov 19 - 01:35 PM
  • Despite upbeat US housing data US$ selling is the theme in NY

  • AUD/USD rallies in NY and adds to gains from Europe's morning nL2N27Z0G0

  • Rally stalls just short of 10-DMA and Nov. 14 high, little pull back seen

  • Cloud top supports, daily bull hammer forms, RSI rises, techs favor longs

  • Effect of RBA minutes short-lived, shorts concerns grow nL2N27Z0QT

  • Break above 0.6840/65 is likely to drive test of 200-DMA & October high








chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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