By Christopher Romano — Nov 18 - 01:40 PM
AUD/USD fell from the 0.6480 area then hit 0.64485, NY opened near that low
Pair held near the low initially, rally ensued as US$ selling took hold
Softening of US yields US2YT=RR, Us10YT=RR helped drive US$ downward
USD/CNH turned lower on the session, hit 7.2315, was down -0.16% late
Commodity XAU=, HGv1 & equity ESv1 gains reinforced US$ selling
AUD/USD turned positive then hit 0.65075, was up +0.60% late in the session
Rising daily RSI, daily bull hammer may be concerns for AUD/USD shorts
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary