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Jan 03 - 03:55 PM

AUD/USD - Shorts Take The Reigns In Early 2023 Trading

By Christopher Romano  —  Jan 03 - 01:35 PM
  • US$ buys drove AUD/USD lower overnight, NY opened near 0.6695, rally ensued

  • US rate EDZ3, US$ slides & equity ESv1, copper HGv1 gains buoyed risk

  • AUD/USD struck 0.6772 but risk soured, US$ firmed; USD/CNH pierced 6.9200

  • AUD/USD fell towards 0.6720 and sat just above 0.6730 late in the session

  • Techs lean bearish; pair below 10- & 21-DMAs, daily & monthly RSIs falling

  • US Dec. ISM mfg PMI is a risk Wednesday, Dec. Jobs data looms for Friday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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