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Feb 06 - 08:55 AM

AUD/USD - US Dollar, Rates Help Shorts Hold The Reigns

By Christopher Romano  —  Feb 06 - 07:25 AM
  • AUD/USD hit 0.6885 in Asia then traded 0.6948 in Europe before falling again

  • US rate EDM3, US$ gains and equity ESv1 drops helped weigh down AUD/USD

  • 0.6890 traded, slight bounce ensued as US$ softened, NY opened near 0.6900

  • USD/CNH fall 6.8320 to 6.7784, iron-ore DCIOc2 helped stall AUD/USD drop

  • AUD/USD techs lean bearish; pair below 10- & 21-DMA, RSIs falling

  • February's monthly inverted hammer candle reinforces the bearish signals

  • Fed Chair Powell interview Feb. 7 by Econ. Club of Washington risk looms

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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