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Nov 20 - 01:55 PM

AUD/USD - US Yields, Dollar Help Boost Longs

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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