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Sep 14 - 03:55 PM

AUD/USD - Risk Bounce Help Protect Key Support Zone

By Christopher Romano  —  Sep 14 - 01:35 PM
  • AUD/USD fell to 0.6708 in early NY as US rates EDH3 buoyed US$

  • Dip buyers emerged ahead of the 0.6680/00 support zone however

  • AUD/USD rallied into positive territory & hit 0.6760, sat nearby late

  • Equity ESv1, commodity DCIOc2 gains helped to lift AUD/USD

  • Erosion of early US yield US10YT=RR gains softened the US$

  • Daily bull hammer forms on AUD/USD chart, daily RSI is rising

  • Monthly RSI falling & pair holds below 50% Fib of 0.5510-0.8007

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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