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May 18 - 03:55 PM

AUD/USD - Monthly Lows In Focus After US Data

By Christopher Romano  —  May 18 - 01:35 PM
  • AUD/USD opened NY near 0.6645 after the pair slid in overnight trading

  • US rates SRAU3, US$ rallied sharply after claims, Philly Fed data

  • Commodities HGv1 & EM ccys fell; USD/CNH rally extended to 7.0607 on D3

  • AUD/USD fell 14-session low, 0.6605 hit and pair sat nearby late in the day

  • Techs are bearish; RSIs are falling, monthly gravestone doji in place

  • March, April monthly lows are support, breaks likely leads to deeper fall

  • Fed speakers, comments out of G7 meeting are risks for Friday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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