By Christopher Romano — Nov 20 - 01:20 PM
NY opened near 0.6550 after AUD/USD rallied sharply in overnight trading
Early US$ buys, buoyant US yields helped the pair trade down to 0.6535
US$ and yields softened which helped bring out AUD/USD buyers
Equity ESv1, copper HGv1 gains & USD/CNH drop buoyed AUD/USD
Solid 20-yr UST bond auction kept US$ heavy & AUD/USD near session highs
Techs are bullish; RSIs rising and a daily bull hammer formed
Remarks from RBA's Bullock & Schwartz, RBA minutes are risks in Asia
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Source:
Refinitiv IFR Research/Market Commentary