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Oct 29 - 03:55 PM

AUD/USD - Troubling Signs Emerge Near A Key Fibo, 200-DMA

By Christopher Romano  —  Oct 29 - 01:49 PM
  • AUD/UDS hits 0.7555 in Asia, gains stall near 50% Fib 0.8007-0.7107, 200-DMA

  • Pair begins sliding in Europe, NY opens near 0.7540, fall extends in NY

  • Concerns US rising inflation is not transitory grow on US data releases

  • US rates US10YT=RREDM2 rally, US$ rallies, stocks & copper fall

  • AUD/USD falls to 0.75005, drop is aided by USD/CNH rally above 6.4100

  • Equities ESv1 turn positive & US rates soften, AUD/USD near 0.7520 late

  • Daily doji, diverging daily RSIs warn lower levels are possible

  • For more click on FXBUZ




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Source:
Refinitiv IFR Research/Market Commentary

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