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Oct 01 - 03:48 PM
AUD/USD - Bears Hits The Breaks Despite The Dovish RBA
First appeared on eFXplus on Oct 01 - 01:25 PM
  • US$ firm at NY open, inflows on JGB sell-off, AUD/USD sinks nL2N26M0FS

  • Pair breaks below August's low slide extends to 0.6672, sharp bounce ensues

  • US ISM mfg & construction spending disappoint investors, US$ & rates dive

  • AUD/USD rallies & pierces 0.6705, little pullback seen, nearby late in day

  • Techs bearish, RSIs fall & new low set, time below 0.6700 a concern though

  • AUD/USD short squeeze risk possible on jobs & Fed risks nL2N26M0VS







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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