By Christopher Romano — Sep 10 - 07:15 AM
AUD/USD fell to a 1-month low of 0.66445 during the Asia trading session
US yield US2YT=RR gains lifted the US$; USD/CNH rallied to 7.1320
AUD/USD bounced however, NY opened near 0.6675, pair was up +0.23%
Iron-ore DCIOc2, AUD/JPY gains & equity ESv1 bounce helped the lift
AUD/USD rallied back above the 55-DMA & daily techs flash warnings to shorts
Daily RSI diverged on the low and a daily bull hammer candle formed
Falling monthly RSI, hold below 10- & 21-DMAs give shorts some comfort
Only 2nd tier US data today; US Aug. CPI is a key risk for Wednesday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary