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Nov 22 - 01:55 PM

AUD/USD - Overnight Gains Consolidated Below The 10-DMA, Cloud Top

By Christopher Romano  —  Nov 22 - 01:25 PM
  • AUD/USD hit 0.6651 overnight, NY opened near 0.6640, pair then slid

  • Early US$ buying weighed; USD/CNH rallied above 7.1530, AUD/USD hit 0.66195

  • US yields US10YT=RRsank while equities ESv1 & commoditiesHGv1 gained

  • Risk-on influences helped AUD/USD bounce, pair neared 0.6645 late

  • AUD/USD holds below the 10-DMA and daily cloud top but RSIs are rising

  • Nov. S&P Global PMIs for Australia, EZ, US & US claims are risks Wed.

  • Minutes of Fed's Nov 1-2 meeting are a key event risk for Wednesday

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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