AUD / USD – Longs Lose Control After 1.5-Month High Is Set

Fed induced UST yield & USS drops extend overnight, 1.5-month high hit

Equity, copper rallies & USD  / CNH drop near 6.4600 aid the rally

AUD / USD rallies to 0.7818 but longs run out of gas & a slide ensues

UST yields rally, eurodollar prices fall which drives US $ broadly higher

Equity gains erode & USD / CNH bounces sharply higher 

AUD / USD falls below the daily cloud top, pierces the 10-DMA, hits 0.7752

Daily techs lean bearish;  inverted hammer forms, RSI diverges on the high

Monthly techs remain bullish though, corrections lower could be limited

For more click on FXBUZ 127

Source: https://plus.efxdata.com/news/insights

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