By Christopher Romano — Mar 27 - 07:25 AM
AUD/USD hit 0.6539 in early Asia then hit 0.65115, NY opened near 0.6525
Drop from high aided by US$ buying, below estimate Feb. Australia CPI
Pair pierced the daily cloud base, up trend line off the Feb. 13 daily low
Sharp USD/JPY drop, softer US yields US2YT=RR helped AUD/USD bounce
USD/CNH slip from high, equity ESv1 & gold XAU= gains helped buoy
AUD/USD bounced above the t-l, cloud base; was down only -0.08% early NY
Daily bull hammer candle formed which may concern AUD/USD shorts
Monthly inverted hammer, hold below numerous daily MAs concerns longs
Fed's Waller speaks to Economic Club of NY reception at 18:00 EDT
US weekly claims, Feb. PCE risks loom for Thursday & Friday respectively
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary