By Christopher Romano — May 30 - 01:36 PM
• NY opened near 0.6425 after 0.6451 traded overnight, 0.6409 traded early
• Firmer US yields, US$ and USD/CNH rally to 7.2099 weighed down AUD/USD
• Buyers emerged however; yields,US$ traded downward, gold bounced & stocks sank
• AUD/USD neared 0.6440, traded down only -0.11% late in the session
• The pair sat near the converging 10-, 21- and 200-DMAs in NY's afternoon
• Monthly inverted hammer candle, rounding top patter on
daily
charts worry longs
audusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters