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TDUX
Nov 05 - 01:55 PM
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AUD/USD - Bid For Safer Assets Gives Bears Traction

By Christopher Romano  —  Nov 05 - 01:17 PM

• NY opened near 0.7015 after AUD/UD rallied to 0.7024 overnight

• The pair fell early as investors sought safe assets due to risk-off sentiment

• Stocks, AUD/JPY fell while US Treasury securities rallied; reinforced bid for safety

• AUD/USD hit a 13-session low of 0.6945, neared 0.6955 late, was down -0.76%

• Falling RSIs, pair's hold below 10- & 21-DMAs are bearish tech signals

• US October payroll report is a key risk in NY for Friday
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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