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Feb 08 - 01:55 PM

AUD/USD - Shorts Reign In A Low Volatility Session

By Christopher Romano  —  Feb 08 - 01:25 PM
  • AUD/USD hit 0.6996 in Europe, NY opened near 0.6970, slide extended

  • US rates EDZ3, US$ firmed on comments from Fed officials nL1N34O1NA

  • USD/CNH lift near 6.8025, equity ESv1 & copper HGv1 drops sink risk

  • AUD/USD turned negative on the session, struck 0.69275 then bounced

  • Rates, US$ softened a bit after solid UST 10-year auction nIfp45kHln

  • AUD/USD lifted above 0.6940 and sat nearby late, pair traded down -0.31%

  • Techs lean bearish; RSIs falling, daily inverted hammer formed, 21-DMA caps

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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