By Christopher Romano — Feb 10 - 07:47 AM
Equity ESv1, copper HGv1, iron-ore DCIOc2 gains boost AUD overnight
AUD/USD nears trend line off Jan 6 high, hits 0.77535 in Europe am
Sharp and broad base US$ bounce emerges, USD/CNH spikes up near 6.4300
AUD/USD drops to 0.7720, sits nearby in early NY trading
Inverted daily hammer, diverging daily RSI are warnings for recent longs
Monthly RSI, monthly bull hammer imply longer-term techs remain bullish
Long upper & lower wicks on Jan, Feb candles suggest range trade possible
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Source:
Refinitiv IFR Research/Market Commentary