By Christopher Romano — Jan 26 - 07:19 AM
AUD/USD falls sharply in Europe am as equities, copper, iron-ore sink
Pair trades to 0.7669 but risk-on emerges; stocks bought, US$ & yen sold
USD/CNH sinks near 6.4750, AUD/JPY rallies towards 80.20
AUD/USD rallies sharply, pierces the 21- & 10-DMAs early NY, hits 0.7728
Daily RSI diverges on today's low and a daily bull hammer forms
Today's price action implies 0.7640/0.7820 range to remain intact for now
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Source:
Refinitiv IFR Research/Market Commentary