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
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Source:
Refinitiv IFR Research/Market Commentary