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May 16 - 03:55 PM

AUD/USD - US Rates, US$ Give Shorts Traction

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

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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