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Oct 27 - 08:55 AM

AUD/USD - Buoyancy Keeps Consolidation Intact

By Christopher Romano  —  Oct 27 - 07:35 AM
  • Risk-on sentiment lifts equities ESv1, copper HGv1 & sinks US$

  • AUD/USD up slightly on the session but lift capped by the 21-DMA

  • Pair up despite USD/CNH rally, slightly wider AU-US yield spreads

  • AUD/USD still consolidating gains from rally off Oct. 20 daily low

  • 0.7165/95 resistance looms above and is a big impediment for bulls

  • Daily cloud base, t-l off Sep. high, 55-DMA, Oct 14 high sit in that zone

  • Break above the resistance targets 0.7245/55 followed by 0.7325/

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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