By Christopher Romano — May 22 - 01:40 PM
NY opened near 0.6640 after AUD/USD traded 0.6667-0.6627 overnight
Pair held to a tight 0.6635-0.6651 range in NY as risks were balanced
Equity ESv1, AUD/JPY gains & USD/CNH dip from high underpin AUD/USD
Higher US rates SRAU3, iron-ore DCIOc2 drop limited AUD/USD gains
Daily doji candle formed, implies indecision, other techs lean bearish
Pair trades below 21- & 55-DMAs, monthly inverted hammer candle in place
Global PMIs for May, US Apr building permits, new housing are risks Tuesday
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Source:
Refinitiv IFR Research/Market Commentary