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Feb 23 - 08:55 AM

AUD/USD - The 200-DMA Is Keeping Bulls In The Game

By Christopher Romano  —  Feb 23 - 07:25 AM
  • AUD/USD hit 0.6842 in Asia, struck 0.6814 in Europe, NY opened near 0.6830

  • Drop in Europe aided by US rate US2YT=RR gains helping to rally US$

  • Gains aided by equity ESv1, copper HGv1 lifts & USD/CNH slip from high

  • AUD/USD traded +0.38% early NY and technicals are sending mixed signals

  • Monthly RSI is falling & a monthly inverted hammer candle is in place

  • Daily RSI is rising and the 200-DMA is helping to thwart AUD/USD bears

  • US Q4 GDP (2nd estimate), weekly & continuing claims are data risks in NY

  • Comments from Fed's Bostic, Daly are event risks later in the session

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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