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Sep 11 - 07:55 AM

AUD/USD - PBOC, BOJ And Data Influences Have Shorts Treading Cautiously

By Christopher Romano  —  Sep 11 - 07:30 AM
  • AUD/USD rallied 0.6375-0.64435 overnight, NY opened near 0.6425, up +0.75%

  • US$ were spurred by BOJ comments, PBOC fixing, China CPI/PPI & bank loans

  • USD/CNH fell to 7.2921 on D3, USD/JPY hit 145.91 on EBS before bouncing

  • Iron-ore DCIOc2, equity ESv1 gains & upbeat risk helped underpin AUD/USD

  • AUD/USD above the 76.% Fib of 0.6170-0.7158 and pierced the 10- & 21-DMAs

  • Daily RSI rising, implies short-term upward momentum is in place

  • Looming Aug US CPI, Australian employment data may keep AUD/USD ranges tight

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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