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Jan 14 - 08:55 AM

AUD/USD - Longs On Defense Due To Yield, Commodity Influences

By Christopher Romano  —  Jan 14 - 07:20 AM
  • Gravestone doji formed Thursday, was a warning for AUD/USD longs

  • Pair falls below the daily cloud top, 50% Fib of 0.6994-0.7555 today

  • AUD/USD drop aided by yen buys driving AUD/JPY down toward 82.60

  • Copper HGv1, iron-ore DCIOc2 falls, US yield US2YT=RR gains add weight

  • USD/CNH bounce near flat after hitting 6.3424 also helps weigh down AUD/USD

  • Pair hits 0.7259 early NY; RSIs turn down, implies bear momentum in place

  • US Dec retail sales, export/import prices, ind. prod. data risks loom

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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