eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• NY opened near 0.7045 after AUD/USD traded a tight 0.7040-0.7056 range overnight
• The pair rallied early on broad-based USD selling, gains in gold, silver, copper, equities
• 0.7065 traded, the pair then dipped as USD/CNH moved upward & stocks weakened
• US yield move lower helped to limit AUD/USD's pullback from the high
• The pair sat near 0.7055 late in the day, it traded up +0.10% as of this writing
• Techs lean bullish; RSIs are rising, pair is above 10-, 21-, 55- & 200-DMAs
• The August monthly long-legged doji candle reinforces the
bullish tech signals
audusd

(Christopher Romano is a Reuters market analyst. The views
expressed are his own)