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Sep 13 - 04:55 PM

AUD/USD - Downside Risks Grow After US CPI

By Christopher Romano  —  Sep 13 - 01:50 PM
  • AUD/USD rallied near the 50% fib of 0.7136-0.6699, hit 0.69155 then dropped

  • Above estimate US CPI nL1N30K10O sent UST yields US2YT=RR, US$ higher

  • Investors sink Eurodollars EDH3 as higher terminal Fed rate priced in

  • AUD/USD fell below the 55-, 21- & 10-DMAs, neared the Sept. 9 daily low

  • USD/CNH gains, equityESv1 & commodity HGv1 drops help AUD/USD fall

  • Pair fell to 0.6757, held nearby late, technicals turned bearish

  • Daily, monthly RSIs falling, daily bear engulfing candle formed

  • Key 0.6680/00 support in focus, if breaks downward trend resumes

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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