By Christopher Romano — Sep 26 - 07:15 AM
AUD/USD rallied 0.6819-0.6886 overnight, NY opened near that high, up +0.92%
Pledge by Chinese leaders to deploy needed fiscal stimulus drove risk-on
USD/CNH fell to a fresh 16-month low of 6.9926 into NY's open
Commodities HGv1, XAU=, stocks ESv1 rallied to reinforce upbeat risk
Drop in US yields US2YT=RRUS10YT=RR helped add weight on the US$
AUD/USD rally halted near hourly resistance, remained in Wednesday's range
Rising RSIs, monthly bull hammer, hold above many DMAs are bull signals
Pair in a consolidation phase which reinforces the bullish techs
US weekly claims, Aug. durable goods, Q2 GDP final data risks loom
Fed's Collins, Bowman, Powell, Williams, Barr, Cook, Kashkari to speak
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Source:
Refinitiv IFR Research/Market Commentary