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Feb 19 - 03:55 PM

AUD/USD - Yield, Yuan Moves Hardly Alter The Trend

By Christopher Romano  —  Feb 19 - 01:38 PM
  • General US$ weakness, USD/CNH drop in Europe am drive sharp AUD/USD rally

  • NY opens near 0.7845, rally extends as equities, copper rally & US$ sinks

  • Pair trades to 0.7877 but then slides toward 0.7855 late in the day

  • Yield comments from Fed's Williams nIfp9DKxY9 rally US 10-yr yield, US$

  • Equity gains erode, copper pulls back from high, USD/CNH lifts above 6.4630

  • AUD/USD up more than 1.15% late in the day though & techs are bullish

  • RSIs rise, 10-DMA supports & monthly outside candle forms

  • March 2018 high, 0.8135/65 zone are now likely targeted by bulls

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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