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Feb 24 - 04:55 PM

AUD/USD - US Data, Geopolitics Give Shorts The Advantage

By Christopher Romano  —  Feb 24 - 01:10 PM
  • Above estimate US Jan. PCE likely to keep the Fed's policy hawkish

  • US rates EDZ3 rally US$, sink equities ESv1, iron-ore DCIOc2

  • Rising US-Sino tensions help drive USD/CNH up above 6.9810 on D3

  • High beta AUD fell sharply, AUD/USD struck a 1-1/2-month low

  • Pair traded below 0.6720 and sat nearby late in Friday's session

  • Techs are bearish; pair below 200-DMA, daily & monthly RSIs falling

  • Monthly inverted hammer for Feb. Reinforces the bearish signals

  • Feb. ISM mfg, non-mfg PMIs & weekly claims are key data risks next week

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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