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Jan 20 - 08:55 AM

AUD/USD - Longs Struggle To Maintain Upward Momentum

By Christopher Romano  —  Jan 20 - 07:30 AM
  • AUD/USD rallied 0.69075-0.6947 overnight, NY opened near 0.6915

  • Overnight equity ESv1, iron-ore DCIOc2 gains, US$ sales aid lift

  • Pair pieced the 10-DMA but is now back below as US rates EDZ3, US$ firm

  • USD/CNH climb toward 6.7900, erosion of equity gains weigh on AUD/USD

  • AUD/USD +0.12% on the session and technicals are sending some mixed signals

  • Daily inverted hammer formed buy RSIs are rising, pair below the 10-DMA

  • US Dec. existing home sales, Fed's Harker & Waller are risks during NY

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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