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Oct 11 - 02:36 AM
AUD/USD - Bid As US-China Trade Sentiment Turns Cup Half-Full
First appeared on eFXplus on Oct 11 - 12:25 AM
  • +0.3% with steady flows in Asia, at the top of a 0.6755/0.6782 range

  • AUD/NZD +0.1%, AUD/JPY +0.3% - cup half full - E-mini S&P +0.3%

  • Hopes for a limited deal at US-China trade talks nL3N26V3F2

  • Bullish outside day yesterday needs a close above 0.6774 NY high to validate

  • 0.6772/74 is also the 21 DMA and Friday's high - so a pivotal level

  • Close above 0.6782, 50% of September/October would be positive for next week

  • 0.6710 61.8% of the October bounce a base remains initial major support

Source:
Refinitiv IFR Research/Market Commentary

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