By Christopher Romano — Sep 05 - 07:25 AM
AUD/USD traded 0.67135-0.6733 overnight, NY opened near 0.6725, up +0.03%
Pair traded a tight range as investors await the next US employment reports
AUD/JPY & iron-ore DCIOC2 drops, US yieldUS2YT=RR lift corralled bulls
USD/CNH drop, equity ESv1 & gold XAU= gains kept bears in check
Daily doji formed, second doji in as many days, suggests indecision
Falling RSI, consolidation of drop for Aug. high are bearish however
Thinning and falling daily cloud may act magnetically & drag AUD/USD down
US August ADP, weekly claims & ISM non-mfg PMI are data risks in NY
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Source:
Refinitiv IFR Research/Market Commentary