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Sep 09 - 03:55 PM

AUD/USD - Bulls Stumble But Still Hold The Advantage Into The Weekend

By Christopher Romano  —  Sep 09 - 01:45 PM
  • AUD/USD hit 0.6877 in Europe but then began falling as US$ buying ensued

  • Pair fell back below the 38.2% fib of 0.7136-0.6699 and hit 0.6825

  • Pair's slide aided by USD/CNH bounce above 6.9400, US yields US2YT=RR

  • Fed-speak also weighed on AUD/USD nW1N2YE014nS0N2ZA00UnL4N30G2LK

  • Equity ESv1, commodity DCIOc2 gains help prevent deeper AUD/USD drop

  • Pair above 10-DMA, RSIs rise, monthly long legged doji forms are bull signs

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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