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Mar 15 - 03:55 PM

AUD/USD - Fresh Lows Hit On Concern Fed May Lean Hawkish

By Christopher Romano  —  Mar 15 - 01:35 PM
  • NY opened near 0.6565 after 0.6552 traded overnight, 0.6574 then hit

  • Sellers emerged however as US yield US2YT=RR gains rallied the US$

  • Investors bid US$ on concerns the Fed may take a hawkish stance Wednesday

  • USD/CNH hit 7.2063 (D3), stocks ESv1 & gold XAU= fell to help buoy US$

  • AUD/USD slide below 0.6560, was down -0.33% late in the session

  • AUD/USD pierced the 21- & 200-DMAs and technicals being to concern longs

  • Falling daily RSI, long upper wick on monthly candle are worries for longs

  • Fed and BOJ are key risks next week which may impact risk sentiment

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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