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Nov 16 - 03:55 PM

AUD/USD - Down Trend On The Brink Of Resuming

By Christopher Romano  —  Nov 16 - 01:39 PM
  • RBA rhetoric nL4N2S716V, 10- & 55-DMAs help cap gains overnight

  • Pair slides, opens NY near 0.7340 slide resumes after early choppy action

  • Upbeat US data nL1N2S624I rallies rates EDM2US10YT=RR & US$

  • Emerging market ccys sink vs US$, USD/CNH rallies toward 6.3980

  • Copper HGv1 falls hard, AUD/JPY sinks near 83.70, AUD/USD hits 0.7302

  • Slide stalls short of the daily cloud top, very little bounce is seen

  • Techs lean bearish; RSIs falling, 10-DMA about to cross below 55-DMA

  • Oct 7 low, 76.4% Fib of 0.7171-0.7555 in jeopardy, Oct low eye on breaks

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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