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May 03 - 03:55 PM

AUD/USD - Longs Are Cautiously Optimistic Ahead Of The Fed

By Christopher Romano  —  May 03 - 01:55 PM
  • Aussie yields YTTc1AU3YT=RR remain buoyed after surprise RBA hike

  • AUD/USD drifted lower in Europe, NY opened near 0.7080, rally ensued

  • US$ softened a bit as US rates EDM3US10YT=RR dipped ahead of the Fed

  • USD/CNH fell towards 6.6450 while equities ESv1 extended their rally

  • AUD/USD traded 0.71265, pulled back slightly, sat near 0.7100 late

  • Techs lean bullish, RSIs rising, rally follows May 2 doji candle

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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