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Mar 24 - 03:55 PM

AUD/USD - Bears Put A Halt On The Overnight Bounce

By Christopher Romano  —  Mar 24 - 01:40 PM
  • AUD/USD bounces sharply in Europe am on safe-haven sales, risk rally

  • Pair opens NY near 0.7620 after trading down to 0.75825 in Europe

  • Bounce stalls and the 0.7620 area remains magnetic for most of NY trading

  • Copper gains erode as do some equity gains, AUD/USD nears 0.7610 late

  • Daily bull hammer forms but daily & monthly RSIs imply bear momentum remains

  • More Fed speakers, US claims data are risks for Thursday

  • For more click on FXBUZ





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Source:
Refinitiv IFR Research/Market Commentary

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