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Oct 08 - 01:55 PM
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AUD/USD - Early Losses Get Erased On Downward US Dollar Shift
By Christopher Romano — Oct 08 - 01:32 PM
• NY opened near 0.6945 after AUD/USD fell overnight, the drop initially extended
• USD, US yields & USD/CNH gains helped AUD/USD fall to 0.6933
• USD selling emerged and US yields turned lower
• Gold added to gains while silver & copper lifted off their lows
• AUD/USD hit 0.6973 then neared 0.6960 late, it traded near flat in NY's afternoon
• Hold below the 10-DMA, consolidation, falling daily RSI
are bearish tech signs
audusd
(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters