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May 10 - 08:55 AM

AUD/USD - Upbeat Risk Increases Probability Of A Correction

By Christopher Romano  —  May 10 - 07:25 AM
  • Yen buys in Asia sinks AUD/JPY toward 89.70, AUD/USD follows, hits 0.6911

  • AUD/USD dip bought on US$ sales; US rate EDM3US10YT=RR drops aid sales

  • USD/CNH sank towards 6.7100 while equitiesESv1, copperHGv1 rallied

  • AUD/USD rallied to 0.6986, slipped a bit and opened NY near 0.6960

  • Daily RSI diverged, daily doji formed, implies short squeeze risk is growing

  • China, German, US Apr inflation due May 11; tight range may hold until then

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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