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Oct 19 - 01:55 PM

AUD/USD - Rally Sellers Are Becoming Frustrated

By Christopher Romano  —  Oct 19 - 12:20 PM
  • Early session risk-on nL1N2HA0B2 fades, AUD/USD lift stalls

  • Equities .SPX turn negative while AUD/JPY gains erode

  • USD/CNH dips below 6.6700 but AUD/USD bulls cannot benefit

  • Pair falls from 0.71145 intra-day high and nears 0.7080

  • Daily inverted hammer forms, monthly RSI deepens its bear bias

  • Rallies are meager, AUD/USD rally sellers might have to lower offers

  • Test of Sept low likely, if it breaks potential for 0.6645/95 test

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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