By Christopher Romano — Jan 28 - 01:35 PM
AUD/USD falls to 0.7592 in Europe am as risk-off rallies US$ & yen
NY opens near 0.7600, upbeat risk ensues; equities, copper rally
Safe-havens US$ & yen sold, AUD/JPY nears 80.20, USD/CNH sinks near 6.4685
AUD/USD turns +ve, climbs above 23.6% Fib 0.6990-0.7819, nears 0.7690 late
Daily bull hammer forms & daily RSI diverges, both are concerns for bears
Monthly techs show doji candle forming which suggests some indecision
AUD/USD bulls need break above 21-DMA, 0.7740/60 to gain greater control
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Source:
Refinitiv IFR Research/Market Commentary