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Sep 17 - 08:55 AM

AUD/USD - Bears Struggle To Maintain Traction

By Christopher Romano  —  Sep 17 - 07:20 AM
  • Equities ESv1, copper HGv1 & iron-ore DCIOc2 all down on the day

  • USD/CNH rallies, off session highs but currently trades above 6.7700

  • AUD/JPY slides near 76.10 before bouncing toward 76.35

  • AUD/USD falls below 10 & 21-DMAs but slide stalls short of Sep 10 low

  • US$ bears emerge in Europe's am though, AUD/USD rallies near 0.7300

  • Pair still -ve on the day but the sharp bounce should concern bears

  • Breaks of 0.7245/50 & t-l off Aug 3 low needed for bears to get more control

  • For more click on FXBUZ







aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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