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Feb 22 - 03:55 PM

AUD/USD - Bulls Shake-Off Overnight Drop, Recover Strongly

By Christopher Romano  —  Feb 22 - 01:39 PM
  • AUD/USD buying ensues in Europe as US$ sellers emerge, NY opens near 0.7885

  • US$ selling intensifies as 10-yr UST yield gains erode & buoyed commodities

  • Risk sentiment improves after equities .SPX erase some earlier losses

  • AUD/USD rallies to a 3-year high, trades above 0.7925 late in the session

  • Techs are bullish, RSIs rising, monthly bullish outside candle forms

  • Aggressive dip buyers likely target Feb 2018 high, 0.8135/65 nL1N2KS1QW

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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