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Sep 29 - 08:55 AM

AUD/USD - Bears Disappointed But Likely To Eventually Prevail

By Christopher Romano  —  Sep 29 - 07:55 AM
  • AU-US 3-year yield spreads widen a bit, AUD yield advantage increases

  • AUD/USD consolidation doesn't resolve with new lows, breaks higher instead

  • AUD/USD price action belies moves seen in equities ESv1 and copper HGv1

  • AUD/JPY rally above 75.20 help lift AUD/USD near 0.7140/60 resistance zone

  • Daily RSI rising after turn from oversold, implies s-t bull momentum

  • Monthly RSI, monthly bear engulfing candle say downtrend should resume

  • CFTC says market is long AUD; rallies likely to be sold

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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