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Sep 02 - 08:55 AM

AUD/USD - U.S. Rates, Dollar Moves Drive Threats To 55-DMA, Daily Cloud

By Christopher Romano  —  Sep 02 - 07:37 AM
  • US yields US10YT=RR sink while Dec 2022 eurodollar price EDZ2 rallies

  • Soft interest rates help drive US$ =USD lower, help erode USD/CNH gains

  • AUD/USD dip near 0.7355 gets bought in Asia, 19-session high then hit

  • Pair hits 0.7392, rally stalls short of 55-DMA, daily cloud base

  • Pull back has been very limited, implies longs remains confident

  • Techs are bullish; RSI rising, pair above 76.4% Fib of 0.7426-0.7107

  • US weekly claims data looms, impact on market might be limited though

  • August US jobs report due Friday, investors more focused on that data

  • For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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