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Sep 19 - 01:55 PM

AUD/USD - Upbeat Risk Helps Longs Retain Control

By Christopher Romano  —  Sep 19 - 01:20 PM
  • NY opened near 0.6835, just below the 0.6839 high hit in Europe's morning

  • Pair fell early as US yields US2YT=RR rallied after claims, Philly Fed

  • 0.6786 traded, yields, US$ softened after Aug. existing home sales data

  • USD/CNH slid below 7.0700 & stocks ESv1, commodities XAU=HGv1 rallied

  • AUD/USD rallied back towards 0.6820, traded up +0.80% late in the day

  • Rising RSIs, daily bull engulfing, Sept. bull hammer give techs a bull lean

  • Japan Aug. CPI due in Asia, may impact AUD/USD through AUD/JPY reaction

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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