By Christopher Romano — Oct 03 - 07:30 AM
AUD/USD traded 0.6367-0.6295 overnight, NY opened near that low
RBA left rates unchanged & showed no urgency to hike again
US yield US10YT=RR gains drove broad US$ buys; USD/CNH hit 7.3301 (D3)
CommoditiesHGv1, equitiesESv1 fell on fear rate gains will hurt growth
AUD/USD struck an 11-month low and technicals highlight downside risks
RSIs are falling & aren't oversold, AUD/USD remains below 10- & 21-DMAs
November 2022 monthly low at 0.62725 is support; stops likely below
Break of that monthly low brings the 2022 0.6170 yearly low into focus
Aug JOLTS, comments from Fed's Bostic are risks in NY Tuesday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary