By Christopher Romano — Jul 20 - 12:25 PM
AUD/USD hit a 16-session high of 0.69305 with help from equity ESv1 gains
Pair then fell below the 38.2% fib of 0.7282-0.6683 & turned slightly -ve
CopperHGv1 slip from high, iron-ore DCIOc2 drop help weigh down AUD/USD
US yield US10YT=RR bounce, USD/CNH rally above 6.7650 also help weigh
Daily RSI diverged, daily doji formed; could be warnings for AUD/USD longs
Doji may be a pause in the rally or a signal that a reversal lower is coming
ECB meeting & its impact on risk sentiment may determine AUD/USD's next move
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary