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Feb 04 - 01:55 PM

AUD/USD - Bears Keep The Advantage Ahead Of SOMP, Jobs Risks

By Christopher Romano  —  Feb 04 - 01:22 PM
  • Pair falls away from the 10-DMA overnight, NY opens near 0.7610

  • Early US$ sales give a boost near 0.7630 but bears emerge, slide ensues

  • Gains in US 10-yr yield & inflation expectations USIL5YF5Y=R boost US$

  • USD/CNH rallies near 6.4785 & copper HGv1 sinks, AUD/USD slide deepens

  • AUD/USD falls below 0.7600, nears the 55-DMa late in the session

  • Bearish outside day candle, falling RSIs give techs a bearish tint

  • RBA SOMP, US Jan. Jobs report are key risks over the next session

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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