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Sep 20 - 08:55 AM

AUD/USD - Balanced Risks Help Keep The Range Tight

By Christopher Romano  —  Sep 20 - 07:10 AM
  • AUD/USD traded 0.6800-0.68285 overnight, NY opened near 0.6810, down -0.06%

  • US yieldUS2YT=RR drop & commodity gainsDCIOc2HGv1 limited the downside

  • USD/CNH drop to 7.03878, AUD/JPY rally above 98.20 also helped lift AUD/USD

  • Australia yieldAU3YT=RR, equityESv1 drops & US$ lift limited the topside

  • A daily doji candle formed, suggests pair may need to consolidate gains

  • Rising monthly RSI, monthly bull hammer highlight upside risks to AUD/USD

  • Remarks from Philadelphia Fed's Harker is a risk in NY's afternoon

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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