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Sep 19 - 03:55 PM

AUD/USD - Shorts Can't Keep Momentum On Their Side

By Christopher Romano  —  Sep 19 - 01:40 PM
  • AUD/USD hit 0.6673 overnight, slide stalled short of the Sept. 16 low

  • NY opened near 0.6680 and held near opening levels in early trade

  • Pair neared 0.6715 as US rates EDH2US2YT=RR , US$ softened a bit

  • Equity ESv1 & copper HGv1 bounces, USD/CNH dip help buoy AUD/USD

  • A daily long legged doji candle formed, is another warning for shorts

  • RBA minutes of Sept. meeting a risk in Asia; Fed risk looms for Wed.

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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