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Feb 17 - 08:55 AM

AUD/USD - US Rate, Dollar Gains Help Drive Threat To 200-DMA

By Christopher Romano  —  Feb 17 - 07:15 AM
  • US rate EDZ3US2YT=RR gains drove steady US$ buying overnight

  • AUD/USD traded 0.6880-0.6812, 1-1/2-month low set, NY opened near 0.6820

  • Equity ESv1, copper HGv1 drops & USD/CNH rally helped weigh on AUD/USD

  • Pair broke the daily cloud top, sits above the 200-DMA which is at 0.6806

  • Falling RSIs, monthly inverted hammer candle give techs a bearish lean

  • Head & shoulder pattern on daily chart complete, implies 0.6550/00 test

  • US Jan. export/import prices & LEI, Fed's Barkin, Bowman are risks Friday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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