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Nov 29 - 03:55 PM

AUD/USD - Longs Gain Only Little Traction On The Risk Recovery

By Christopher Romano  —  Nov 29 - 01:37 PM
  • AUD/USD hit 0.71595 in Europe's am, sellers emerge, NY opens near 0.7150

  • Upbeat risk drives equities ESv1, copper HGv1, iron-ore DCIOc2 higher

  • AUD/USD falls despite buoyed risk, US$ buyers emerge, USD/CNH nears 6.3930

  • AUD/USD trades down to 0.7114 then nears 0.7135 late as US$ weakens a bit

  • AUD/USD up small on the day but techs suggest downside risks remain

  • Long upper wick forms on daily candle, monthly RSI implies downside momentum

  • China November NBS PMIs are data risks in Asia trading session

  • For more click on FXBUZ


audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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