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Oct 19 - 08:55 AM

AUD/USD - Familiar Turf Trod As US Rates Stymie Bulls

By Christopher Romano  —  Oct 19 - 07:20 AM
  • AUD/USD traded 0.63245-0.6287 overnight, NY opens just above that low

  • Rise in US rates EDH3US2YT=RR drives US$ buys & helps sour risk

  • USD/CNH hit a 15-session high, neared 7.2625; AUD/JPY fell toward 93.90

  • Equity ESv1, commodity HGv1 drops also add to risk-off sentiment

  • AUD/USD trades back below the 10-DMA, RSIs are falling; techs lean bearish

  • Immediate support at Tuesday's low, if breaks 0.6195/0.6210 zone targeted

  • Fed's Beige Book, Fed presidents Kashkari, Evans are risks during NY trading

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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