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Oct 29 - 03:48 PM
AUD/USD - Longs Threaten Key Resistance Ahead Of The Fed
First appeared on eFXplus on Oct 29 - 01:30 PM
  • RBA's Lowe speech weighs ahead of NY nL2N27E0EF, impact fades though

  • AU yields & equities rise drive flows away from the greenback

  • US econ data lifts eurodollar and fff prices, keeps US$ soft nL2N27E0KG

  • AUD/USD lifts above 0.6870 but stalls short of the daily cloud top

  • Rising RSIs, 10-DMA support, monthly bull hammer make techs bullish

  • US$ remains on the defensive ahead of the Fed FEDWATCH, presser is key

  • AU Q3 CPI a risk in Asia, downbeat data could erode AUD/USD gains







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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