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Nov 13 - 08:55 AM

AUD/USD - Hovering Near The Down Trend Low Ahead Of US CPI

By Christopher Romano  —  Nov 13 - 07:15 AM
  • AUD/USD fell to 0.6516 in Asia with help from Australia Q3 wage data

  • Buyers emerged however and the pair rallied to 0.6539

  • Iron-ore DCIOc2 gains, softer US yields US10YT=RR helped buoy AUD/USD

  • NY opened near 0.6530, pair traded down only -0.05% in early hours

  • USD/CNH & equity ESv1 drops helped to keep pair within overnight range

  • Techs lean bearish; RSIs falling, monthly inverted hammer candle in place

  • AUD/USD's hold below the 10-, 21- & 200-DMAs reinforces bearish signals

  • US Oct. CPI & Fed's Logan, Musalem, Schmid are data, event risks in NY

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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