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TDUX
Oct 02 - 03:55 PM
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AUD/USD - Bulls Ceded Some Gains On US Dollar, Yield Reversals

By Christopher Romano  —  Oct 02 - 01:42 PM

• NY opened near 0.6935 after 0.6914 traded overnight, pair rallied early

• USD, US yields fell after the US September payroll data

• Gold, silver, copper, stocks rallied while USD/CNH fell to 6.7008

• AUD/USD hit 0.6976, bulls couldn't add to those gains however

• USD, yields moved upward while gold and silver turned lower

• AUD/USD neared 0.6945 late, it traded up only +0.23% in NY's afternoon

• Techs are mixed; daily RSI rising but pair is below the 10- & 200-DMAs

• AUD/USD could be entering a consolidation phase, also a bearish signal
audusd


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

Source:
London Stock Exchange Group | Thomson Reuters

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