Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 19 - 08:55 AM

AUD/USD - Bull Signal Is Near Being Negated

By Christopher Romano  —  Sep 19 - 07:35 AM
  • A daily bull hammer candle formed Sept. 16, is a bullish signal

  • AUD/USD beings this week trading lower and close to breaking Friday's low

  • US rate EDH3US2YT=RR gains drives broad based US$ =USD buying

  • USD/CNH rallied above 7.0200 before dipping, helps weigh on AUD/USD

  • Risk-off adds weight; equities ESv1, commodities HGv1 trade lower

  • Break of the Sept. 16 low should see test of June 2020 low at 0.6848

  • Bids possible ahead of 0.6850 level, potential for 0.6850 barrier

  • Fed risk looms, potential for AUD/USD to range trade ahead of that risk

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!