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Sep 16 - 04:55 PM

AUD/USD - Bulls Remain Cautious After The Fed

By Christopher Romano  —  Sep 16 - 03:20 PM
  • AUD/USD opens NY near 0.7340 after gains made in Asia, Europe's a.m.

  • US data does little to move pair, chops around in the 0.7320/40 range

  • Equities, copper stay firm but AUD/USD slips as US$ bid emerges before Fed

  • Whippy price action in reaction to the Fed statement and Powell's presser

  • Pair lifts 0.7335 then dives down near 0.7285 as stocks gains erode

  • AUD/USD turns -ve on the day, nears the 10-DMA late in the session

  • Falling daily, monthly RSIs give technicals a bearish lean

  • For more click on FXBUZ




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Source:
Refinitiv IFR Research/Market Commentary

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