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Feb 18 - 08:55 AM

AUD/USD - Yields, Commodities, Techs Drive The Bulls

By Christopher Romano  —  Feb 18 - 07:42 AM
  • USD/CNH lifts above 6.4600 before dipping & stocks sink but AUD/USD rallies

  • Lower US 10-yr yield sinks US$ vs majors while copper, iron-ore rally

  • AUD/USD rallies away from 10-DMA, near session high (0.77825) in early NY

  • Rising daily, monthly RSIs & monthly bull hammer give techs a bull lean

  • Immediate resistance at Feb 16 daily high, Jan high is an impediment above

  • Break of Jan high likely to trigger stops, rally likely intensifies rally

  • Longer-term bulls then likely target key resistance in the 0.8135/65 zone

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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