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Feb 24 - 03:55 PM

AUD/USD - Bulls Take Advantage Of The Yield Induced Dip

By Christopher Romano  —  Feb 24 - 01:37 PM
  • Choppy action in Europe am, NY opens near 0.7925, slide ensues

  • Equities & copper sink as US 10-yr yield rallies above 1.43%

  • US$ bought, USD/CNH lifts near 6.4615 after overnight dip below 6.4400

  • AUD/USD falls sharply, but bears can only push it down to 0.7896

  • US$ buying abates as 10-yr yield falls sharply from its session high

  • Equities rally, copper rallies near 9.5-month high, USD/CNH drops

  • AUD/USD rallies, trades to 0.7945, sits nearby late in the session

  • Techs are bullish, Tues. doji was only a pause in rally, RSIs rising

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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