Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 09 - 03:55 PM

AUD/USD - Cloud Base, Shift In Risk Keep Longs Corralled

By Christopher Romano  —  Sep 09 - 01:52 PM
  • AUD/USD rallies in Europe am, NY opens near 0.7370, rally extends

  • Equity, copper gains & falling USD/CNH help rally AUD/USD to 0.7394

  • The lift stalls just short of the daily cloud base, gains then fade

  • Safe-havens US$ & yen get bought as risk sours, AUD/JPY drops toward 80.80

  • Equity gains get erased, US rate complex softens, copper gives up some gains

  • AUD/USD sinks back below the 55- & 10-DMAs, nears 0.7370 late in the day

  • AUD/USD appears to be consolidating recent losses, is usually a bear signal

  • Long upper wick forming on Sep monthly candle, also a signal favoring bears

  • For more click on FXBUZ


audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!