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May 23 - 05:55 PM

AUD/USD - Shorts Take The Reins Again

By Christopher Romano  —  May 23 - 01:45 PM
  • AUD/USD opened NY near 0.6620 after falling overnight, fall extended in NY

  • An early lift toward 0.6630 met sellers; soured risk helped pair slide

  • EquitiesESv1, iron-ore DCIOc2 drops & buoyant USD/CNH weighed on AUD/USD

  • US rates SRAU3 gained with help from data, helped send pair below 0.6615

  • AUD/JPY fall below 91.60 aided AUD/USD trading down -0.59% late in the day

  • Techs are bearish; RSIs falling, monthly gravestone doji candle in place

  • RBNZ cash rate decision may impact AUD/USD during Asia trading

  • Minutes of Fed's May 2-3 meeting is a key risk Wednesday afternoon in NY

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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