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Feb 10 - 01:55 PM

AUD/USD - Trend Line Repels Bulls For Now

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

  • For more click on FXBUZ

AUD/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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