By Christopher Romano — May 19 - 07:25 AM
AUD/USD dipped to 0.66175 overnight, buyers emerged, 0.6664 then hit
Gains aided by USD/CNH drop to 7.0125 after hitting 5-mo high of 7.0750
Equity ESv1, commodity HGv1 gains also helped boost AUD/USD
AUD/USD still within Thursday's daily range & below the 21- & 55-DMAs
May's monthly inverted hammer reinforces bearish technical signals
April, March monthly lows support, breaks bring 0.6375/0.6405 into focus
Daily cloud base, 10- & 200-DMAs, May 16 high breaks give longs some control
Comments from Fed's Williams, Bowman, Powell are risks during NY hours
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary