By Christopher Romano — May 22 - 07:15 AM
AUD/USD hit 0.66855 in Asia, sellers then emerged and 0.6654 hit in Europe
NY opened near 0.6665, pair traded down -0.04% in early NY trading
Pair's drop aided by US yield US2YT=RR gains driving US$ buying
Equity ESv1 and gold XAU= drops weighed on risky assets & AUD/USD
Techs lean bullish; monthly RSI rising, consolidation phase persists
Hold above 10-DMA, structural support near 0.6650 reinforces bull signs
Fed's Goolsbee, minutes of Fed's April 30-May 1 meeting may impact risk
US April existing home sales a risk in NY, May Judo Bank PMI a risk in Asia
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary