By Christopher Romano — Jan 27 - 01:35 PM
NY opened near 0.7110 after at tight range traded in Europe's morning
Pair rallied to 0.7126 after US PCE, consumption data but then dropped
Slide extended to 0.70825 after US data dump was completed nL1N34C10M
US rates EDZ3 softened, US$ buys abated, USD/CNH slid from its high
Equities ESv1, gold XAU= rallied into positive territory
AUD/USD rallied above 0.7100, traded down -0.20% late in the session
Daily doji formed, suggests indecision but monthly techs remain bullish
50-DMA crossing above 200-DMA may mean big rally is due nL1N34C1IM
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary