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TDUX
Sep 17 - 03:55 PM

AUD/USD - Bulls Hold Onto Gains

By Christopher Romano  —  Sep 17 - 01:37 PM

• NY opened near 0.7110 after 0.7084 traded overnight, rally extended in early NY

• USD, US yield , USD/CNH drops helped lift AUD/USD to 0.7128

• Rallies in gold, silver, copper and stocks also contributed to buoy AUD/USD

• Yields, USD firmed in NY's afternoon, AUD/USD neared 0.7115 late, was up +0.37%

• Falling monthly RSI. pair's hold below the 10- & 21-DMA are concerns for bulls

• September's monthly inverted hammer candle adds to those concerns
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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