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Jan 31 - 04:55 PM

AUD/USD - Riskier Assets Sought After Sentiment Shifted

By Christopher Romano  —  Jan 31 - 01:40 PM
  • AUD/USD fell to 0.69835 overnight, NY opened near 0.7000, rally extended

  • US$ buying halted as US rates EDZ3 softened, riskier assets lifted

  • Equities ESv1, copper HGv1 turned positive, USD/CNH neared 6.7525

  • AUD/USD rallied above the 10-DMA, neared flat, traded near 0.7055 late

  • Long legged doji, rising monthly RSI are bullish technical signals

  • US Jan. ISM mfg-PMI, Jan. ADP & Fed meeting risks are due Wednesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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