By Christopher Romano — Oct 24 - 11:45 AM
AUD/USD opened NY near the overnight high & was up near +0.30%
Those gains have been erased as investors seek out safer assets
Gold XAU=, stocks ESv1 erased some gains & AUD/JPY hit a fresh low
AUD/USD erased all its earlier gains and turned lower on the session
Pair fell below 0.6630, traded down -0.12% heading in to Europe's close
A daily inverted hammer candle formed & daily RSI turned downward again
AUD/USD fell back below the 200-DMA which adds to bearish signals
Close below the 200-DMA may lead to more intense AUD/USD selling
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary