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Feb 22 - 08:55 AM

AUD/USD - Dip Buyers Lean On Buoyant Yields, Commodities

By Christopher Romano  —  Feb 22 - 07:30 AM
  • Equities ESv1 are down but copper HGv1, AU 10-yr yield AU10YT=RR rally

  • US$ =USD offered again after overnight rally, USD/CNH sinks near 6.4600

  • AUD/USD bounces from 0.7855 overnight low, lifts above 0.7890 in early NY

  • Dip buying strategy prevails & techs highlight upside risks

  • Daily, monthly RSIs imply bull momentum remains, pair above 10 & 21-DMAs

  • March 2018 monthly high (0.7916) is an impediment for AUD/USD bulls

  • Stops likely above that high, if high breaks psychological 0.8000 targeted

  • Big 0.8135/65 resistance zone then targeted should 0.8000 be cleared

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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