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
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Source:
Refinitiv IFR Research/Market Commentary