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Oct 05 - 04:55 PM

AUD/USD - Longs Gain Traction On Upbeat Risk, Bounces In Copper, Yuan

By Christopher Romano  —  Oct 05 - 02:13 PM
  • AUD/USD lifts in Europe am on the back of broad based US$ sales

  • NY opens near 0.7270, rally intensifies during NY trading

  • Copper bounces from the low, USD/CNH falls below 6.4500 & near 6.4430

  • Equities ESv1 rally, US$ & yen get sold, AUD/JPY lifts near 81.35

  • AUD/USD rallies & pierces 0.7300, pair sits near the session high late

  • Techs lean bullish; RSIs rise, daily bull hammer candle forms

  • AUD/USD bottom pattern may be forming, big gains possible nL1N2R11WM

  • For more click on FXBUZ


audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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