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May 17 - 03:55 PM

AUD/USD - Shorts Lose Traction On Hopes Debt Ceiling Deal Near

By Christopher Romano  —  May 17 - 01:35 PM
  • AUD/USD opened NY near 0.6650 after an 11-session low was hit overnight

  • Pair fell toward 0.6640 on higher US rates SRAU3, broad US$ buying

  • Risk improved, reports said US debt ceiling deal may be reached by Sunday

  • Equities ESv1, copper HGv1 rallied & USD/CNH fell below 7.0030 on D3

  • AUD/USD rallied into positive territory, traded above 0.6670 late

  • Daily RSI diverged, daily bull hammer formed; are concerns for shorts

  • Australia April employment, US weekly claims are key data risks Thursday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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