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Jan 15 - 08:55 AM

AUD/USD - Bulls Continue To Inch Forward Ahead Of US CPI

By Christopher Romano  —  Jan 15 - 07:02 AM

• AUD/USD hit 0.6181 in Asia, buyers emerged, 0.62115 hit in Europe's morning

• NY opened near 0.6205, pair traded up +0.14% in early NY action

• US yield , US$ drops helped AUD/USD rally; USD/CNH fell to 7.3433

• Commodity & equity gains also helped buoy the pair

• Techs are mixed; p[air below 10- & 21-DMAs but daily, monthly RSIs rising

• Risks in NY from US December CPI report & Fed issuing the Beige book

• Remarks from Fed's Barkin, Kashkari, Williams, Goolsbee are risks as well
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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