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Feb 05 - 03:48 PM

AUD/USD - Longs Lose Some Traction

By Christopher Romano  —  Feb 05 - 01:30 PM
  • Pair buoyed in early NY on upbeat risk sentiment, RBA's Lowe nL1N2A50E5

  • Early lift above 0.6770 stalls after upbeat Jan ADP & ISM non-mfg PMI

  • US$ & UST yields gains drive AUD/USD near 0.6740, sits nearby late

  • Daily doji concern longs but rising daily, monthly RSI soothe some concerns

  • Longs need break above the Jan 29 high to gain greater control

  • AU Dec retail sales, trade data are risks in Asia, RBA SOMP risk on Friday

chart: Click here

Refinitiv IFR Research/Market Commentary


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