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Jun 09 - 03:55 PM

AUD/USD - Soured Risk, US Rates Give Shorts The Advantage

By Christopher Romano  —  Jun 09 - 01:45 PM
  • A rally to 0.71925 in Europe met sellers, NY opened near 0.7175

  • Risk-off sentiment took hold in NY, equities ESv1, copper HGv1 fell

  • US$ rallied on soured risk, US rate EDM3 gains; USD/CNH neared 6.7000

  • AUD/USD broke through 0.7140/50 support then struck a 9-session low

  • Pair sat near the 38.2% Fib of 0.6829-0.7282, 21-DMA late in the session

  • Techs lean bearish; RSIs are falling, monthly inverted hammer candle forms

  • US May CPI in focus, an above estimate result may rally US rates, US$ again

  • For more click on FXBUZ

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Source:
Refinitiv IFR Research/Market Commentary

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