By Christopher Romano — May 21 - 07:07 AM
• AUD/USD rallied 0.6419-0.6458 overnight, NY opened near 0.6445, pair up +0.33%
• Pair held within its consolidation range however even as US assets were shunned
• US Treasuries , US$, USD/CNH were sold while gold was bought
• AUD/JPY's drop below 92.50 helped AUD/USD fall back below the 200-DMA
• Techs are a bit mixed; daily, monthly RSIs rising but rounding top pattern on daily chart
• AUD/USD's inability to maintain upward momentum above
200-DMA
may worry longs
audusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters