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Sep 18 - 03:55 PM

AUD/USD - Momentum Lacking Ahead Of Central Bank Risks

By Christopher Romano  —  Sep 18 - 01:55 PM
  • AUD/USD opened NY near 0.6435 after trading at 0.6449 overnight

  • Pair slid early on US yield US10YT=RR gains & USD/CNH rally

  • AUD/USD fell below the 21-DMA, traded 0.6417 then rallied

  • USD/CNH dropped toward 7.2900 & equities ESv1 turned positive

  • AUD/USD sat near 0.6440 and traded up +0.14% late in the session

  • Techs are mixed; daily RSI falling but monthly rising, pair above 10-DMA

  • Monthly bull hammer for September is a bullish signal

  • Ranges may stay tight; Fed, PBOC, BOJ meeting risks due later this week

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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