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Oct 16 - 03:55 PM

AUD/USD - Bears Keep The Advantage Into The Weekend

By Christopher Romano  —  Oct 16 - 01:35 PM
  • Pair holds to a tight range in Europe's morning and NY trade

  • AUD/USD can't rally despite equity .SPX & yuan CNH= gains

  • US retail sales nL1N2H61J3 buoys US rate, widens AU-US spreads

  • Drop in copper, iron-ore & oil likely help weigh down AUD/USD

  • AUD/USD consolidates recent drop & holds below resistance near 0.7100

  • Techs remain bearish & key Fibos are threatened nL1N2H715Z

  • For more click on FXBUZ






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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