By Christopher Romano — May 14 - 07:26 AM
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• AUD/USD rallied 0.6465-0.6501 overnight; higher Australia yields
helped buoy
• Lower US yields , US$ selling & iron-ore
gains also helped the rally
• Sellers emerged however; USD/CNH lifted back above 7.2025 & AUD/JPY fell below 94.50
• US$ selling abated as well; AUD/USD dropped, opened NY near 0.6465, down -0.08%
• Daily RSI diverged, daily gravestone doji formed; those may concern longs
• Rising monthly RSI, hold above slew of daily MAs gives longs some comfort however
• Remarks from Fed's Jefferson on the economic outlook may
impact
risk sentiment in NY
audusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters