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Jul 31 - 03:55 PM

AUD/USD - Warning Signs Appear For Those That Are Long

By Christopher Romano  —  Jul 31 - 01:35 PM
  • Pair sets a 17-month high in early Europe then falls, NY opens near 0.7190

  • Early equity gains ESv1 quickly erased & copper HGv1 falls hard

  • Intense US$ =USD short covering enhances risk-off, AUD/USD falls sharply

  • AUD/JPY gains prevents AUD/USD from deeper fall, AUD/USD near 10-DMA late

  • Diverging daily RSI, inverted daily hammer imply rally correction is likely

  • For more click on FXBUZ


aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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