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Jan 13 - 04:55 PM

AUD/USD - Longs Cede Some Ground But Still Have The Advantage

By Christopher Romano  —  Jan 13 - 01:50 PM
  • AUD/USD rallies to 0.7314 in Europe's am, pair dips, NY opens near 0.7300

  • US rates US2YT=RR, claims & PPI data nL1N2TT185 help soften the US$

  • AUD/USD lifts; lift aided by early equity gains, copper's HGv1 bounce

  • US$ selling abates, USD/CNH bounces & yen buys drive AUD/JPY below 83.20

  • AUD/USD drops toward 0.7280 but manages to lift near 0.7290 late in the day

  • Rising daily, monthly RSIs & monthly long legged doji give techs a bull lean

  • For more click on FXBUZ



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Source:
Refinitiv IFR Research/Market Commentary

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