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Oct 05 - 03:55 PM

AUD/USD - Investors Remains Fickle As Downside Momentum Fades

By Christopher Romano  —  Oct 05 - 01:40 PM
  • US rates EDH3 gains buoy US$ overnight, AUD/USD fell in Europe

  • NY opened near 0.6475, drop extended after US data nN9N2YW00CnAQN1V92KT

  • Falls in equities ESv1, commodities HGv1, AUD/JPY help weigh on AUD/USD

  • 0.6471 traded when buyers emerged; stocks & copper bounced, USD/CNH slid

  • AUD/USD climbed above the 200-HMA, neared 0.6845 late in the session

  • Techs mixed; long legged doji forms, daily RSI drops, consolidation persists

  • US weekly jobless claims, Sept. employment are looming key data risks

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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