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Nov 07 - 08:55 AM

AUD/USD - Longs Fight Back As US Rates Soften

By Christopher Romano  —  Nov 07 - 07:15 AM
  • US rate EDH3 gains overnight helped rally the US dollar broadly

  • AUD/USD dipped below the 10-DMA and traded down to 0.6401

  • US$ weakens as rates soften, commodities DCIO2 & stocks ESv1 rally

  • AUD/USD rallied to close the gap from Friday's close, hit 0.6477

  • Pair is down -0.15% on the session but technicals are leaning bullish

  • Monthly RSI rising, monthly bull hammer in place, pair above 10- & 21-DMAs

  • Fed's Mester, Collins & Barkin speak during NY hours, are a risk

  • US October CPI USCPF=ECI is a key risk looming for November 10th

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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