By Christopher Romano — Jan 25 - 01:25 PM
AUD/USD erased most of the Australian CPI induced gains during Europe
NY opened near 0.7085, slide extended as the US$, US rates EDZ3 were firm
0.7062 was hit, buyers then emerged as US$ buying abated & risk improved
USD/CNH fell below 6.7730 & equities ESv1 erased most earlier losses
AUD/USD rallied toward 0.7095, traded up +0.69% late in the session
Techs are bullish; RSIs rising, monthly bull hammer is in place
US Dec. durable goods & new home sales, Q4 GDP, weekly claims due Thursday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary