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Jan 19 - 01:55 PM

AUD/USD - Bears Cannot Keep The Momentum Going

By Christopher Romano  —  Jan 19 - 01:25 PM
  • AUD/USD traded 0.6948-0.6875 overnight, NY opened near 0.6885, drop extended

  • Pair's fall aided by US rate EDZ3, US$ gains; pair fell to 0.6872

  • USD/CNH rally toward 6.7950, equity ESv1, copper HGv1 drop helped weigh

  • US$ softened & copper bounced after US data hit the wires nL1N3441CO

  • AUD/USD rallied toward 0.6920 while USD/CNH dipped below 6.7800

  • Pair sat near 0.6905 late in the session, was trading down -0.56%

  • Techs are mixed; Daily RSI rising but monthly falling, up trend is intact

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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