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Nov 04 - 03:48 PM
AUD/USD - RBA Risks Keeps Longs Side Lined
First appeared on eFXplus on Nov 04 - 01:25 PM
  • Downbeat Aussie sales data & risk of dovish RBA weigh down pair in NY

  • Equity gains & USD/CNH slide are unable to help buoy the pair

  • US-Sino trade optimism, rise in AU 10-yr yield no help either nL2N27K0M2

  • Pair falls from the trend line from December's high, near 0.6890 late

  • Daily RSI turn from near overbought, cloud top drop tomorrow concern longs

  • No RBA cut expected RBAWATCH, statement will have the market's attention







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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