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Thomson Reuters
May 27 - 08:36 PM
AUD/USD - Heavy On Yuan Sales & Looming Data
First appeared on eFXplus on May 27 - 11:00 AM
  • USD/CNH near 6.9100 after nearing 6.8970 earlier, other EM ccys also heavy
  • AUD/USD below 0.6920 despite gains for copper HGv1 & iron-ore DCIOc2
  • Australian April building approvals & Q1 capital expenditure due May 30
  • If data the disappoints case for RBA rate cuts gets bolstered
  • Techs lean bearish, daily RSI diverges on new s-t high, 21-DMA looms above
  • Recent soft US data could limit downside ahead of Fed speakers later in week

chart: Click here

Thomson Reuters IFR Markets


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