Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 07 - 03:55 PM

AUD/USD - Shorts Gain Some Traction And Gear Up For A Move Lower

By Christopher Romano  —  Sep 07 - 01:35 PM
  • AUD/USD opened NY near 0.6380, fell after claims, unit labor cost data

  • 0.6371 traded as US yields US2YT=RR rallied and drove US$ buying

  • USD/CNH rallied to 7.3460 on D3 then slid as yields turned lower

  • AUD/USD rallied to 0.6394 but neared 0.6380 late, traded down -0.03%

  • Equity ESv1, commodity DCIOc2 drops helped weigh on AUD/USD

  • USD/CNH pull back below 7.3400 helped to limit AUD/USD's downside

  • Pair consolidating gains off the Sept 1 high, a bearish signal

  • Hold below 10- & 21-DMAs, falling monthly RSI are bearish as well

  • Fed's Barr, Daly & Fed's quarterly financial accounts are risks Friday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!