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
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Source:
Refinitiv IFR Research/Market Commentary