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Nov 22 - 08:55 AM

AUD/USD - Risk Rebound Helps Drive Threat To Familiar Impediments

By Christopher Romano  —  Nov 22 - 07:20 AM
  • AUD/USD rallied 0.660150.6651 overnight, NY opens near 0.6640, +0.55%

  • US rate EDH3 drop weighs on US$, USD/CNH fell below 7.1325 then bounced

  • Equity ESv1, commodity HGv1 gains reinforce risk-on trading

  • AUD/USD rally stalls short of the daily cloud top and 10-DMA

  • Very little pull back from high suggests bulls are confident for now

  • Techs lean bullish; daily, monthly RSIs are rising & aren't overbought

  • Richmond Fed's November services, composite mfg indices are data risks

  • Comments from Fed's Mester, Bullard, George are risks during NY hours

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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