By Christopher Romano — Sep 08 - 01:35 PM
AUD/USD opened NY near 0.6390 after 0.6415 hit overnight, pair lifted early
AUD/JPY, equity ESv1 gains helped rally pair above 0.6405, sellers emerged
US yields US2YT=RR turned positive & boosted US$, USD/CNH hit 7.3665
AUD/USD fell below the opening levels, neared 0.6375 late in the session
Equity ESv1, commodity DCIOc2 drops aided the pair's sllide
Pair traded up only +0.03% late in the day and techs remained bearish
Monthly RSI, daily inverted hammer, hold below 10- & 21-DMAs are bear signs
China Aug PPI & CPI, US Aug CPI, PPI & retail sales are data risks next week
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary