By Christopher Romano — May 22 - 07:16 AM
• AUD/USD rallied above the 200-DMA overnight, hit 0.6459, sellers emerged
• Pair turned lower, fell below the 10- & 21-DMAs, hit 0.6415 early NY, down -0.24%
• US asset buying weighed on AUD/USD; US Treasuries, US$ rallied, USD/CNH hit 7.2075
• Gold's -0.65% drop & equity gains also helped sink AUD/USD
• Pair remains within its consolidation range in place sine early May
• Round top pattern on daily charts, May's monthly doji may be concerns for longs
• Weekly jobless claims, May S&P Global PMIs, April existing
home
sales are data risks
audusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters