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Nov 07 - 01:55 PM

AUD/USD - Most Session Gains Hold On Balanced Risks

By Christopher Romano  —  Nov 07 - 01:10 PM
  • AUD/USD held near session highs after the U$ dropped overnight

  • Pair traded in the 0.6452-0.64905 range, sat near 0.6475 late

  • US rates gains US2YT=RR weren't able to send US$ up & AUD/USD down

  • Equity ESv1, commodity DCIOc2 gains helped to underpin AUD/USD

  • USD/CNH hold below 7.2500 also help AUD/USD hold most overnight gains

  • Techs lean bullish; pair above 10 & 21-DMAs, monthly RSI is rising

  • US mid-term elections, Oct CPI are looming event/data risks

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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