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
Source:
Refinitiv IFR Research/Market Commentary