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Sep 19 - 08:55 AM

AUD/USD - Slow Grind Higher Extends

By Christopher Romano  —  Sep 19 - 07:20 AM
  • AUD/USD rallied 0.64285-0.6462 overnight, NY opened near that high

  • RBA minutes said another hike considered, helped buoy the Aussie dollar

  • US yield US2YT=RR dip weighed on US$, USD/CNH slid back below 7.3000

  • Equity ESv1, iron-ore DCIOc2 gains helped drive AUD/USD higher

  • AUD/USD ascent continues & gets help from rising 10- & 21-DMAs

  • Sept monthly bull hammer candle reinforces bullish signals

  • Fed, PBOC, BOJ meeting risks loom, may have big impact on risk sentiment

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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