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Oct 28 - 03:48 PM
AUD/USD - Buoyed Risk Indicates Rally's Correction Might Have Completed
First appeared on eFXplus on Oct 28 - 01:40 PM
  • US-Sino trade optimism nL2N27D0BR, Brexit extension nL8N27D21P lift risk

  • Equities, global bond yields rise, safe-havens sold, yen sold broadly

  • AUD/JPY nears 74.60, overnight USD/CNH bid fades, AUD/USD pierces 0.6845

  • Rally follows Oct 25 doji, daily RSI rises again, techs favor bulls

  • Speech by RBA's Lowe, AU Q3 CPI, Fed decision, US Oct jobs & ISM risks loom








chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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