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Nov 03 - 08:55 AM

AUD/USD - RBA Moves Trumped By U.S. Dollar, Risk Sentiment

By Christopher Romano  —  Nov 03 - 08:00 AM
  • RBA cuts as expected, will buy A$100 billion over 6-months nL1N2HP054

  • AUD/USD rallies though, more cuts unlikely & RBA lifts econ growth forecasts

  • Equity ESv1, copper HGv1, AUD/JPY gains & USD/CNH drop boost AUD/USD

  • Pair breaks above 10 & 21-DMAs, nears 0.7140 in early NY trading

  • Techs are bullish, RSIs rise, Nov 2 bull hammer followed by rally today

  • US election now in play, major surprises likely to drive volatility

  • For more click on FXBUZ







aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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