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Jan 28 - 03:55 PM

AUD/USD - Risk Rebound Sends Bears Packing

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

  • For more click on FXBUZ





aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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