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Jan 23 - 08:55 AM

AUD/USD - Bulls Tamed A Bit By A Buoyed US Dollar

By Christopher Romano  —  Jan 23 - 07:30 AM
  • Softer US rates US2YT=RR weighed down US$ in overnight trading

  • AUD/USD fell initially but the rallied 0.6960-0.70145, NY opened near 0.6990

  • Copper HGv1 gains, USD/CNH drop below 6.7640 helped AUD/USD rally

  • US$ buying ahead of and into NY's open helped erode some overnight gains

  • Pair trades up +0.22% which keep bullish technical signals intact

  • Daily, monthly RSIs rising, paid above the 10-DMA, 50% Fib 0.7661-0.6170

  • Lunar New Year holidays, Fed quiet period will keep focus on econ data

  • US Jan. S&P PMIs, Dec. PCE price index, U. Michigan, are risks this week

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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