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Sep 07 - 01:55 PM

AUD/USD - Longs Are Dealt A Blow But Are Not Knocked-Out

By Christopher Romano  —  Sep 07 - 11:47 AM
  • US investors return to the markets and drive risk-off sentiment

  • Stocks ESv1, copper HGv1, iron-oreDCIOc2 fall; USD/CNH rallies

  • AUD/USD falls below the daily cloud base & 55-DMA, daily RSI turns down

  • Monthly techs are bullish; RSI rising, Aug. doji followed by gains in Sep.

  • AUD/USD also trades above the 10- & 21-DMAs which is encouraging for longs

  • Should risk sentiment improve AUD/USD rally off the August low should resume

  • Longs then target the daily cloud top, 200-DMA, July's monthly high

  • For more click on FXBUZ


audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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