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Oct 11 - 03:55 PM

AUD/USD - Bears Continue To Play Defense Into The Weekend

By Christopher Romano  —  Oct 11 - 01:45 PM
  • NY opened near 0.6735 then hit the session low of 0.67255, a rally ensued

  • US yields US2YT=RR, US$ softened; USD/CNH fell back below 7.0700

  • Commodities HGv1, XAU= & equities ESv1 gained on upbeat risk

  • AUD/JPY rallied above 100.75 to help AUD/USD's climb off the lows

  • 0.6759 hit in NY's afternoon, AUD/USD traded up +0.20% late in the day

  • A rally followed Thursday's bull hammer and daily RSI is rising

  • Monthly RSI is falling however and the pair remains below the 10- & 21-DMAs

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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