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