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Thomson Reuters
May 23 - 03:48 PM
AUD/USD - Shorts Get Reminded Of Yuan, Fed Risks
First appeared on eFXplus on May 23 - 01:35 PM
  • Pair heavy in early NY, global growth concerns & bond yield drops weigh
  • AUD/USD bears can only match the May 17 low, rally then ensues
  • Downbeat US data sinks interest rates, US$ sold across the board
  • USD/CNH slides near 6.9200 on PBOC stable yuan rhetoric nB9N22K050
  • AUD/USD goes +ive on the day, clears May 22 high & nears 0.6900
  • Daily techs lean bullish, RSI diverges & bull hammer forms
  • Yuan and Fed risks could keep bears on edge

chart: Click here

Thomson Reuters IFR Markets


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