By Christopher Romano — Jan 30 - 07:20 AM
Adds line regarding US rates and US$ buys
AUD/USD traded 0.71205-0.7070 overnight on the back of soured risk
Rising US rates EDZ3 help drive US$ buying against most major ccys
Equities ESv1, copper HGv1 drop & USD/CNH bounced off its low
AUD/USD hit a 3-day low as investors play it safe ahead of big risks
Techs lean bullish, 55-DMA crossed above 200-DMA, monthly RSI rising
Daily RSI falling however & pair below 61.8% Fib of 0.7661-0.6170
Fed interest rate decision, Powell presser are major event risks Feb. 1
US Jan. ISM mfg-PMI, employment reports are big data risks later this week
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary