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Feb 10 - 03:55 PM

AUD/USD - Bears Reign But Are Tamed By Mixed Influences

By Christopher Romano  —  Feb 10 - 01:35 PM
  • AUD/USD opened NY near 0.6920 then traded a tight 0.6910-0.69485 range

  • US rate EDZ3 & buoyant US$ helped to limit AUD/USD's topside

  • Iron-ore DCIOc2 gains, equity bounce off lows helped to limit the downside

  • Pair traded down -0.18% late in the session but near flat for the week

  • Techs lean bearish; RSIs falling, pair below the 10- & 21-DMAs

  • US January CPI & its potential impact on Fed policy risk looms next week

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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