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Jul 13 - 08:55 AM

AUD/USD - Short Squeeze Nears A Familiar Impediment Ahead Of US CPI

By Christopher Romano  —  Jul 13 - 07:20 AM
  • Equities ESv1, copper HGv1, AUD/JPY up on slight improvement in risk

  • Safe-havens US$, yen sink; USD/CNH below 6.7300, AUD/JPY rallies above 93.10

  • AUD/USD dipped to 0.6742 in Asia, dip was bought & pair steadily climbed

  • NY opens near 0.6780, nears 0.6800 in early trade as US$ remains soft

  • 10-DMA sits 0.6815, recently has helped to keep the down trend intact

  • Rally follows June 12 doji, daily RSI rising; daily techs lean bullish

  • US June CPI USCPI=ECI, Fed Beige Book are risks in NY trading hours

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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