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Mar 08 - 08:55 AM

AUD/USD - Bull Signal In Jeopardy Of Being Canceled

By Christopher Romano  —  Mar 08 - 07:22 AM
  • Overnight rally briefly climbs above the 55-DMA but reversal ensues

  • US 10-yr yield rallies while eurodollar EDZ2 prices fall (rates up)

  • Equities ESv1, copper HGv1 & EM ccys sink on sour risk sentiment

  • Safe-haven US$ & yen bought; AUD/JPY sinks, USD/CNH rallies near 6.5500

  • AUD/USD falls from 0.7723 in Asia, touches 0.7637 in Europe's am

  • Pair remains heavy in early NY, threatens Friday's 0.7624 daily low

  • Break of that low will negate the bull signal from Friday's bull hammer

  • Feb 5 (0.7583) & Feb 2 (0.7564) lows, daily cloud base then targeted

  • For more click on FXBUZ






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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