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May 15 - 02:36 PM

AUD/USD - Bears Gain A Bit Of Traction

By Christopher Romano  —  May 14 - 02:20 PM
  • Sharp drop in early NY on Trump comments, risk-off sentiment nL1N2CW0KG

  • Pair trades to 0.6404 before bouncing on improved risk sentiment

  • Stocks, commodities & AUD/JPY rally from lows, AUD/USD nears 0.6440

  • USD/CNH sharp fall from day's high helps AUD/USD's rebound

  • US$ buying takes hold, AUD/USD back below the 21-DMA, nears 0.6420 late

  • Techs lean bearish; daily, monthly RSIs drop & pair below the 10-DMA

  • Key support near 0.6370, if cleared 55-DMA, April 21 daily low targeted












aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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