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Nov 09 - 03:55 PM

AUD/USD - Bulls Run Into A Brick Wall Despite Upbeat Risk

By Christopher Romano  —  Nov 09 - 01:40 PM
  • Pair rallies away from 0.7265 in Europe's am on Pfizer vaccine hopes

  • NY opens near 0.7280, rally extends as stocks, commodities & AUD/JPY rally

  • AUD/USD rally halts short of the Sep 16 daily high, trades to 0.7340 high

  • Sellers emerge though; UST yields & US$ rally, AUD/USD nears 0.7270 late

  • Daily RSI diverges, inverted hammer forms, suggests a pullback is probable

  • Monthly techs remain bullish though & dip buying is likely nL1N2HV1YB

  • For more click on FXBUZ





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Source:
Refinitiv IFR Research/Market Commentary

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