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TDUX
Sep 25 - 03:55 PM
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AUD/USD - Bulls Strike Back Into The Weekend

By Christopher Romano  —  Sep 25 - 01:01 PM

• NY opened near 0.7025 after 0.7004 traded overnight, pair fell early

• USD/CNH lift to 6.7256, drop in stocks, gold, silver & firm US yields weighed

• 0.7015 was neared but the pair then rallied as USD, US yields softened

• Stocks, gold, silver lifted & USD/CNH slid from its high; AUD/USD neared 0.7045

• AUD/USD sat near 0.7035 as of this writing, traded up +0.30% in NY's afternoon

• Pair's hold above 61.8% Fib of 0.6867-0.7238, move above 200-DMA comforts bulls

• Daily RSI diverged on today's low which also gives bulls some encouragement
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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