By Christopher Romano — Feb 10 - 01:28 PM
AUD/USD falls in Europe am, NY opens near 0.7725, rallies on US data
US yields, US$ sinks after below estimate CPI results nL1N2KG1IL
AUD/USD rallies, aided by buoyant copper, iron-ore prices
Trend line off Jan 6 high neared, 0.7756 intra-day high hit
Slide ensues as equity gains fade a bit & USD/CNH rallies above 6.4325
AUD/USD nears 0.7720, sits near 0.7730 late in the session
Diverging daily RSI, daily inverted hammer are warnings for recent longs
Monthly bull hammer, rising monthly RSI imply rally likely to resume
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Source:
Refinitiv IFR Research/Market Commentary