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Oct 24 - 01:55 PM

AUD/USD - Sellers Emerged And Bearish Signals Came Back

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

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