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Jul 19 - 08:55 AM

AUD/USD - Safe-Havens, 10-DMA Give Longs A Big Boost

By Christopher Romano  —  Jul 19 - 07:25 AM
  • AUD/USD dipped to 0.6803 overnight, bids into the 10-DMA stem the slide

  • Sharp rally ensued as risk-on drives investors to seek riskier assets

  • Equities ESv1, commodities DCIOc2 gain; AUD/JPY rallied above 95.00

  • US$ lower vs majors & EM ccys, USD/CNH falls back toward 6.7400

  • AUD/USD breaks the 21-DMA, opens NY just below the 0.69025 overnight high

  • Techs are bullish; 10-DMA supports, day RSI rises, monthly long legged doji

  • US June housing starts, building permits are data risks in NY hours

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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