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May 25 - 08:55 AM

AUD/USD - Fresh 6-Month Low Hit With Help From US Dollar

By Christopher Romano  —  May 25 - 07:25 AM
  • AUD/USD traded 0.6546-0.65225 overnight, NY opened near 0.6530

  • A 6-month low of 0.6220 then hit as US rates SRAU3 buoyed the US$

  • Iron-ore DCIOc2, AUD/JPY drops & USD/CNH gains weighed on AUD/USD

  • Falling daily, monthly RSIs & inverted monthly hammer are bear signals

  • AUD/USD shorts likely target 76.4% Fib of 0.6170-0.7158 near at 0.6403

  • US weekly claims, Q1 PCE, April pending home sales are data risks in NY

  • Fed's Barkin, Collins are scheduled to speak in NY's morning

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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