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Feb 23 - 01:55 PM

AUD/USD - Downward Shift In Risk Brings Out The Rally Sellers

By Christopher Romano  —  Feb 23 - 11:55 AM
  • AUD/USD traded positive in early NY, 0.68355 hit then the rally stalled

  • Risk soured; equities ESv1, copper HGv1 fell & AUD/JPY pierced 91.45

  • US$ safe-haven buying emerged, USD/CNH hit 1-1/2-month high, neared 6.9200

  • AUD/USD fell below the 200-DMA, hit 0.6785 & held nearby into Europe's close

  • Daily inverted hammer formed; reinforces bearish monthly tech signals

  • US Jan. PCE & its potential impact on Fed policy risk looms for Friday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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