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Feb 16 - 04:55 PM

AUD/USD - Fed, Data Induced Drop Is Not Sustained

By Christopher Romano  —  Feb 16 - 01:35 PM
  • AUD/USD opened NY near 0.6915 after the pair rallied to 0.6937 overnight

  • US rates EDZ3, U$ rallied on data nL1N34V2H3, Fed's Mester nL1N34W136

  • USD/CNH rallied to 6.8800 on D3 which helped AUD/USD trade down to 0.68405

  • US rates & US$ then softened and equities ESv1, copper HGv1 bounced

  • AUD/USD neared flat on the session, traded down -0.15% late in the session

  • Daily doji candle formed; implies either a pause in down trend or rally

  • Monthly techs lean bearish though, RSI sinking & diverged on recent high

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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