By Christopher Romano — May 16 - 01:35 PM
AUD/USD neared the 10-DMA overnight then fell for the rest of the session
US rates SRAU3, US$ firmed on US sales, industrial prod., housing data
Equity ESv1, copper HGv1 drops & USD/CNH rally near 7.000 drove risk-off
AUD/USD slid below the 55- & 21-DMAs as wells as the daily cloud base
Pair struck 0.6651, sat nearby and traded down 0.63% late in the day
Techs lean bearish; RSIs fall, consolidation of drop from May high ongoing
Australia Q1 wage price index is a data risk in Asia Wednesday
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Source:
Refinitiv IFR Research/Market Commentary