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Nov 11 - 04:55 PM

AUD/USD - Overnight Bounce Fades On Rates, US$ Move

By Christopher Romano  —  Nov 11 - 01:45 PM
  • AUD/USD lifts in Europe am as equities, copper & iron-ore rally

  • NY opens near 0.7300, lift extends to 0.73105 but bulls run out of gas

  • Some equity gains erode when US$ buys emerge as rates EDM2 rally extends

  • USD/CNH bounce off low toward 6.3925, AUD/JPY fall near 83.10 weigh on AUD

  • AUD/USD dips below 0.7290 late in the session, little bounce is seen

  • Techs lean bearish; RSIs falling, daily cloud probed, pair below 55-DMA

  • AUD/USD slide likely to extend but dip buyers may emerge nL1N2S21ZQ

  • For more click on FXBUZ



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Source:
Refinitiv IFR Research/Market Commentary

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