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Jan 04 - 03:55 PM

AUD/USD - Key Supports Intact After US Dollar Bears Emerge

By Christopher Romano  —  Jan 04 - 01:41 PM
  • AUD/USD falls in Europe's am, NY opens near 0.7200, slide extends

  • Pair hits 0.7185 as US yield US10YT=RR gains help rally the US$

  • US rate gains abate, US$ sales emerge & AUD/JPY rallies near 84.20

  • USD/CNH dips below 6.3700 after an early rally towards 6.3835

  • AUD/USD rallies away form the 21-DMA, rising trend line off Dec 6 low

  • Pair climbs above the 10-DMA, pierces daily cloud base, hits 0.7249

  • Techs lean bullish; daily RSI rising, monthly long legged doji forming

  • For more click on FXBUZ





audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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