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Sep 08 - 11:55 AM

AUD/USD - Bulls Fight Back As Risk Bounces

By Christopher Romano  —  Sep 08 - 10:12 AM
  • Stocks ESv1, copper HGv1 bounce off lows, yen weakens slightly

  • AUD/USD bounces away from the 10-DMA, climbs above 0.7380 but is still -ve

  • USD/CNH hovering just below the session's high, EM ccys remain soft

  • AUD/USD bulls need above 55-DMA, daily cloud base to gain some control

  • Daily RSI falling but monthly is rising; tech signals a bit mixed for now

  • China Aug. inflation, ECB meeting loom, could determine risk sentiment

  • For more click on FXBUZ




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Source:
Refinitiv IFR Research/Market Commentary

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