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Mar 08 - 03:55 PM

AUD/USD - Risk Shift Halts The Slide

By Christopher Romano  —  Mar 08 - 01:36 PM
  • UST US10YT=RR yield rise, eurodollar EDZ2 price drop sink risk overnight

  • US$ & yen bought while EM ccys, equities & copper fall, USD/CNH nears 6.5500

  • AUD/USD falls but slide stalls into NY's open as risk-on takes hold

  • Stocks, copper rally, US rate rises stall, AUD/USD rallies 0.7643-0.76845

  • AUD/USD rally stalls short of daily cloud top, pair near flat on the session

  • Daily doji candle forms which suggests investors are indecisive

  • Pair still below the 55-DMA & RSIs imply bear momentum remains though

  • Bulls need break above 10- & 21-DMAs to alleviate immediate bear pressure

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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