By Christopher Romano — May 27 - 07:09 AM
• AUD/USD traded 0.6495-0.64425 overnight, NY opened near that low & 200-DMA
• US asset buying weighed; US yields fell & US$, USD/CNH rallied
• Gold , copper drops & equity gains helped rally US$
• Price action over the past two session has AUD/USD's daily techs lean bearish
• Today a price drop follows Monday's daily gravestone doji candle
• Falling daily RSI implies downward momentum in place for the short-term
• US April durable goods, May consumer confidence are data
risks
in NY
audusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
