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