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Sep 17 - 08:55 AM
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AUD/USD - Better Risk Helps Ease The Post-Fed Headache
By Christopher Romano — Sep 17 - 07:09 AM
• 0.7084-0.7121 traded overnight, AUD/USD opened NY near 0.7110, up +0.32%
• Better risk sentiment buoyed AUD/USD with help from USD, US yield drops
• Rallies in gold, silver, copper & equities along with USD/CNH drop added buoyancy
• AUD/UD rallied back above the 38.2% Fib of 0.6867-0.7238 & daily RSI turned up
• Monthly RSI, monthly inverted hammer candle are concerns for AUD/USD bulls
• US jobless claims, Sep. Philly Fed business index are data
risks in NY's morning
audusd
(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters