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Sep 08 - 03:55 PM

AUD/USD - US Yields, Dollar Deflate The Bulls

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

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