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May 26 - 08:55 AM

AUD/USD - Kiwi, Yuan Help Stir Reluctant Bulls

By Christopher Romano  —  May 26 - 07:31 AM
  • RBNZ leaves OCR unch, signals rate hike sooner than expected nL2N2ND035

  • PBOC guides yuan higher nL2N2ND06U, USD/CNH hits 3-year low, nears 6.3750

  • Equities ESv1, copper HGv1 & AUD/JPY all trade up on the session

  • AUD/USD rallies back above the 21-DMA & daily cloud top, hits 0.7796

  • Rally stalls though as investors seem wary of dovish RBA nRUAIGEHAP

  • AUD/USD pulls back to the cloud top as USD/CNH bounces back above 6.3800

  • Daily AUD/USD charts show possible head & shoulders top forming

  • Break of 0.7675/90 zone would signal a deep fall is likely due

  • For more click on FXBUZ


aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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