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