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Oct 27 - 08:55 AM

AUD/USD - US PCE Risk Looms But Risk-On Gives Longs A Boost

By Christopher Romano  —  Oct 27 - 07:10 AM
  • AUD/USD rallied 0.6322-0.6357 overnight, NY opened near 0.6350, up +0.42%

  • Rally aided by US yield US2YT=RR slip from highs which weighed down US$

  • Iron-ore DCIOc2, equity ESv1 gains helped buoy risk sentiment & AUD/USD

  • USD/CNH rally to 7.3308 on D3 helped AUD/USD near 0.6345 in early NY

  • Techs are mixed; the daily RSI is rising but monthly RSI is falling

  • Rally following Thursday's bull hammer is a bullish tech signal

  • US Sept core PCE, Oct U of Michigan are key data risks in NY hours

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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