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Sep 13 - 08:55 AM

AUD/USD - Shorts Lean On The 55-DMA, US Rates Market

By Christopher Romano  —  Sep 13 - 07:26 AM
  • AUD/USD rallies in Asia trading, stalls short of the 55-DMA, hits 0.7368

  • Broad US$ buying emerges, aided by eurodollar price drops EDZ2EDH3

  • USD/CNH rallies above 6.4540, hold nearby into NY's opening

  • AUD/USD turns -ve, falls to 0.7337, bounces & is near 0.7350 into NY open

  • Techs are bearish; daily RSI sinking, monthly inverted hammer in place

  • Aug. US CPI, China industrial output, retail sales are looming data risks

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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