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Sep 20 - 01:55 PM

AUD/USD - Rally Takes A Breather

By Christopher Romano  —  Sep 20 - 01:30 PM
  • NY opened near 0.6810 after 0.68285 traded overnight, drop extended

  • Firmer US yields US2YT=RR, US$ & equity ESv1 drop weighed on the pair

  • 0.67835 traded with help from USD/CNH lift off low & USD/JPY rally

  • Yields, US$ softened & stocks bounce after comments from Fed's Waller

  • AUD/USD neared 0.6820 then dipped toward 0.6810 late in the session

  • Pair traded down only -0.04% & a doji formed which implies indecision

  • Monthly bull hammer, rising monthly RSI suggest rally could resume

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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