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Sep 01 - 03:55 PM

AUD/USD - Overnight Rally Erased, Bear Signals Appear

By Christopher Romano  —  Sep 01 - 01:55 PM
  • Pair opens NY near 0.7390 after 0.7413 trades overnight nL1N2FY0E3

  • AUD/USD cannot rally in early NY despite US$ weakness & copper gains

  • Slide ensues after broad based US$ buying emerges & copper goes negative

  • USD/CNH rallies above 6.8350, AUD/JPY goes flat on the day

  • AUD/USD dives down to 0.7360 and holds nearby late in the day

  • Techs warn longs as RSIs diverge & gravestone dojis form

  • AU Q2 GDP is a data risk in Asia For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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