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Sep 13 - 03:55 PM

AUD/USD - Short Lose Traction Ahead Of US CPI

By Christopher Romano  —  Sep 13 - 01:41 PM
  • After hitting an 8-session low overnight AUD/USD losses erode in NY & Europe

  • NY opens near 0.7350; equity gains ESv1, USD/CNH sales help buoy AUD/USD

  • Pair trades to 0.7376 but gains erode as stocks, copper HGv1 sales emerge

  • USD/CNH bounces off its low, AUD/USD dips below 0.7360 late in the day

  • Techs are mixed; RSIs rise, daily doji forms, pair below daily cloud, 55-DMA

  • US August CPI risk looms, if above estimate recent AUD/USD drop may resume

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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