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Oct 07 - 08:55 AM

AUD/USD - Cloud Pierced On Risk Rebound, Longs Remain Nervous

By Christopher Romano  —  Oct 07 - 07:35 AM
  • Equities ESv1, copper HGv1 recover from Trump induced drop nL8N2GY1KM

  • Safe-havens US$, yen sold, AUD/JPY nears 75.70, USD/CNH dips near 6.7250

  • AUD/USD lifts above daily cloud base, 10-DMA; hits 0.7147 before dipping

  • Pair sinks near 0.7120 at NY open but is still positive on the session

  • 0.7155/70 is resistance, if upbeat risk persists that zone might break

  • AU-US spreads give US$ the yield advantage, might temper AUD/USD rallies

  • Break of 0.7085/95 support would give AUD/USD bears the advantage

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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