By Christopher Romano — May 29 - 01:36 PM
• NY opened near 0.6445 after 0.6408 traded overnight, pair neared 0.6430 early
• Dip was bought & pair rallied sharply after US jobless claims and GDP reports
• AUD/DU rallied above the 200-DMA, hit 0.64594 then some gains eroded
• US$ selling abated; USD/CNH neared flat while copper
gave up gains
• AUD/USD sat just above 0.6440 late, pair traded up only +0.25% in NY's afternoon
• Inability to hold above 200-DMA worries bulls but rising
RSIs
gives them some comfort
audusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters