By Christopher Romano — May 20 - 01:45 PM
• NY opened near 0.6415 after 0.6459 traded overnight, bears held control in early trading
• Firmer US yields, US$ & AUD/JPY drop helped AUD/USD hit 0.6392; buyers emerged
• US$ softened, USD/CNH erased most gains; copper bounced up & gold traded up +1.73%
• AUD/USD climbed back above the 10- & 21-DMAs, neared 0.6420, was down -0.57% late
• Hold below 200-DMA & falling daily RSI give techs a bearish lean
• Rounding top pattern on daily charts & May's monthly doji
candle
reinforce bearish signs
audusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters