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May 30 - 08:55 AM

AUD/USD - US Dollar, Yields Influences Lessen Impact Of Other Risk Assets

By Christopher Romano  —  May 30 - 07:15 AM
  • AUD/USD traded 0.6620-0.6591 overnight then bounced, NY opened near 0.6615

  • Pair traded up +0.11% in early NY after test of short-term support failed

  • AUD/USD rallied despite commodity DCIOc2, HGv1, equity ESv1 drops

  • US yield US2YT=RR, US$ drops & USD/CNH fall to 7.2483 buoyed AUD/USD

  • Daily techs warn recent shorts after AUD/USD hit a 12-session low

  • A daily bull hammer candle formed and daily RSI diverged on the low

  • Those signals reinforce the bull signals from rising monthly RSI

  • US Q1 GDP (2nd estimate) & its PCE component, weekly claims are risks in NY

  • Remarks from Fed's Williams, Logan may impact risk Thursday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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