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Mar 12 - 03:55 PM

AUD/USD - Bulls Exposed As Dip Buying Persists

By Christopher Romano  —  Mar 12 - 01:37 PM
  • Rally in US 10-yr yield drives US$ buying & sours risks overnight

  • NY opens near 0.7635, US$ bid persists while yen buys sink AUD/JPY

  • 0.7725 trades, reversal takes hold when risk improves. AUD/JPY rallies

  • AUD/USD climbs back above the 10-DMA, sits near 0.7765 late in the day

  • Daily bull hammer forms, monthly RSI is rising, techs favor bulls

  • Fed risk next week, investors look to see if they stem yield rises

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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