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TDUX
Oct 05 - 07:55 AM
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AUD/USD - Yields, Commodities Give Bulls Some Traction

By Christopher Romano  —  Oct 05 - 07:08 AM

(Adds headline)

• AUD/USD fell to 0.6933 overnight, buyers emerged, the pair turned positive

• US September ISM non-manufacturing PMI is a risk in NY's morning

• 0.6966 traded in Europe's morning, NY opened near 0.6960, up +0.16%

• Softer US yields , USD/CNH pull back from its high helped buoy

• Rallies in gold, silver and copper also contributed to AUD/USD's buoyancy

• Daily bull hammer formed but pair still within Friday's daily range

• Rising daily, monthly RSIs give AUD/USD bulls some hope
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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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