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Oct 11 - 08:55 AM

AUD/USD - Indecision Emerges On Mixed Influences

By Christopher Romano  —  Oct 11 - 07:20 AM
  • AUD/USD rallied to 0.6445 in Asia then fell to 0.6412, NY opened near 0.6420

  • Lift aided by US yieldUS10YT=RR drop, iron-oreDCIOc2 & stockESv1 gains

  • USD/CNH 7.2829-7.3048 rally on D3 helped put downward pressure on AUD/USD

  • Daily doji formed & daily RSI diverged; are concerns for AUD/USD longs

  • October's monthly long legged doji likely gives long some comfort however

  • US Sept PPI is a risk Wednesday; headline +1.6% f/c y/y, +0.3% f/c m/m

  • Remarks from Fed's Waller, Bostic, Collins are risks during NY hours

  • Fed minutes of Sept 19-20 meeting are also a risk in NY's afternoon

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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