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Feb 23 - 08:55 AM

AUD/USD - Bearish Influences Ignored

By Christopher Romano  —  Feb 23 - 07:10 AM
  • AUD/USD rallied 0.6550-0.6580 overnight, NY opened near 0.6565, up +0.14%

  • Pair up despite some US yield US2YT=RR gains, USD/CNH rally to 7.2142 (D3)

  • Near flat equities ESv1, gold XAU= drop did not deter AUD/USD bulls

  • US$ weakness versus most major ccys, AUD/JPY gains helped buoy AUD/USD

  • Techs lean bullish; RSIs rising, long legged doji in place for February

  • Pair's hold above the 10- & 21-DMAs reinforces the bullish signals

  • US Jan. New home sales, Feb. Dallas Fed mfg business index are data risks

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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