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Mar 28 - 05:55 PM

AUD/USD - Improved Risk Helps Erode Some Of The Fall

By Christopher Romano  —  Mar 28 - 01:50 PM
  • AUD/USD fell to 0.64855 in Europe's morning, NY just above that low

  • Rally ensued as US yields US2YT=RR erased some gains & US$ slid

  • Inflation components of US data helped soften US$ & buoy riskier assets

  • USD/CNH slid from its 7.2671 D3 high, stocks ESv1 & gold XAU= rallied

  • AUD/USD pierced the daily cloud base, neared 0.6530 then neared 0.6515 late

  • Pair traded down only -0.24% but a daily bull hammer candle formed

  • Monthly gravestone doji is bearish but RSIs are sending mixed signals

  • Japan March CPI Tokyo may impact risk sentiment during Asia hours

  • US February PCE & its impact on Fed policy is a key risk in NY Friday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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