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Mar 22 - 03:55 PM

AUD/USD - Upbeat Risk Helps Fill The Gap

By Christopher Romano  —  Mar 22 - 01:40 PM
  • Overnight risk-off theme reverses into NY's open, US$ sellers emerge

  • Equities ESv1, copper HGv1 rally while USD/CNH dips below 6.5030

  • US Treasury 10-year yield drops back below 1.70% after early rise

  • AUD/USD turns +ve in early NY trade, fills the gap from Friday's close

  • Pair climbs above the 55-DMA, stops short of the 10-DMA, hits 0.7755

  • Very little pull back seen, pair sits near day's high late in the session

  • Daily bull hammer forms after cloud top supports, should worry shorts

  • Slew of Fed speakers, March PMIs, US Treasury auctions are risks this week

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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