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Jan 03 - 03:55 PM

AUD/USD - Bears Take The Lead To Start The New Year

By Christopher Romano  —  Jan 03 - 01:37 PM
  • AUD/USD falls away from the 55-DMA, daily cloud base in Europe's am

  • NY opens near 0.7250, fall extends as US$, yen are sought after

  • AUD/JPY sinks towards 82.85 while USD/CNH approaches 6.3755

  • US rates EDM2US2YT=RR rise, copper >HGv1> drop add weight on AUD/USD

  • AUD/USD falls below the 10-DMA, nears the 21-DMA, trend line off Dec 6 low

  • Pair's slide stalls as US$ buying abates; techs are warning longs

  • Daily, monthly RSIs are falling, rising wedge forming on daily charts

  • For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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