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