By Christopher Romano — Oct 04 - 10:50 AM
AUD/USD fell to a 10-sesison low after US Sept payroll reports
US yields US2YT=RR,US$ rallied as Fed's cut pace may be slower
AUD/USD pierced the 23.6% Fib of 0.63485-0.69435, 21-DMA
Up trend line off August's low was also pierced before bounce ensued
Falling daily, monthly RSIs imply downward momentum is in place
Close below the up trend line may lead to a deeper AUD/USD drop
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary