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Jan 25 - 01:55 PM

AUD/USD - Bulls Hold The High Ground Ahead Of US Data Dumps

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

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