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Oct 30 - 03:55 PM

AUD/USD - Bulls Charge But They Fall Short

By Christopher Romano  —  Oct 30 - 01:35 PM
  • Equity bounce lifts AUD/USD in Europe am, NY opens near 0.7040 nL1N2HL0U7

  • Lift extends, US$ & yen get sold, AUD/JPY rallies near 73.95 but stalls

  • AUD/USD hits 0.7071, reverses when stocks fall and US$ & yen get bought

  • AUD/USD turns -ve on the session, dips below 0.7020 late in the day

  • Techs are bearish; falling RSI, monthly inverted hammer imply downside risks

  • RBA meeting, U.S. election are key risks next week

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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