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Oct 07 - 03:48 PM
AUD/USD - Cloud Cover Corrals Longs Ahead Of China's Return, Trade Talks
First appeared on eFXplus on Oct 07 - 01:40 PM
  • Downbeat AU data helps sink aussie yields, AU-US spreads widen

  • US-Sino talks & China returning from holiday could hurt risk sentiment

  • AUD/USD falls away from the daily cloud base, trades below the 10-DMA

  • Risk of weak NAB surveys, China services PMI help weigh nL2N26S0CT

  • Breaks of 0.6775/80 & 0.6805/10 zones needed to give longs more control

  • Slew of Fed speakers this week will get much of the market's attention







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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