eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• NY opened near 0.7030 after AUD/USD rallied to 0.7044 in overnight trading
• AUD/USD fell on USD, US yield gains & USD/CNH rally to 6.7550
• Drops in equities, gold, silver added weight; AUD/USD neared the 10-DMA, hit 0.6992
• Buyers emerged as USD selling took hold while stocks, gold, silver moved upward
• USD/CNH pull back from its high and gains for copper helped AUD/USD lift
• AUD/USD rallied and sat above 0.7035 late, it traded up +0.06% in NY's afternoon
• Daily bull hammer, rising RSIs, hold above 10- & 21-DMas
are bullish tech signals
audusd

(Christopher Romano is a Reuters market analyst. The views
expressed are his own)