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Oct 05 - 08:55 AM

AUD/USD - Treading Familiar Turf As Techs Hem In Investors

By Christopher Romano  —  Oct 05 - 07:15 AM
  • AUD/USD rallies slightly overnight but lift stalls near the 21-DMA

  • US rates EDU2 rise helps buoy US$, USD/CNH +ve, holds near 6.4500

  • AUD/USD down slightly into NY open, helped lower by copper HGv1 drop

  • Daily cloud base, 10-DMA help to limit AUD/USD's downside

  • Tech signals a bit mixed; monthly RSI rising but daily falling

  • AUD/USD longs need above 21- & 55-DMAs, 0.7315/25 res to gain control

  • Pair might remain range bound until US Sep jobs data due Friday

  • For more click on FXBUZ




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Source:
Refinitiv IFR Research/Market Commentary

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