By Christopher Romano — May 16 - 06:55 AM
AUD/USD traded 0.67095-0.66655 overnight. NY opened near 0.6685
Fall ensued despite minutes of RBA meeting saying more hikes possible
USD/CNH rally above 6.9810, equity ESv1 & copper HGv1 drops weighed
Some US rates SRAU3, US$ weakness ahead of NY open helped AUD/USD bounce
Techs are mixed; monthly RSI rises but daily falls, pair below 10 & 200-DMAs
AUD/USD's bounce off the May 12 daily low appears corrective in nature
Large 0.6700 option expiry for AUD 1 billion today may attract price action
US April retail sales, industrial production & May NAHB housing are risks
Fed's Mester, Bostic, Barr, Barkin, Williams, Goolsbee, Logan speak today
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary