By Christopher Romano — Oct 30 - 07:30 AM
AUD/USD rallied 0.6333-0.6375 overnight, NY opened near the high, up +0.56%
Pair rallied away form the 10-DMA & above the 21-DMA, hit a 3-session high
Australia Sept retail sales upside beat, upward revision to prior buoyed AUD
3-yr Australia gov't yields AU3YT=RR hit a 12-year high after sales report
Iron-ore DCIOc2, equity ESv1 gains buoyed risk which helped lift AUD/USD
USD/CNH fall to 7.3245 on D3 another factor driving buys of riskier assets
Rising daily RSI, monthly bull hammer signals give longs some comfort
Falling monthly RSI, hold below 55-DMA & daily cloud are concerns for longs
China Oct NBS mfg, non-mfg PMIs, Caixin mfg PMI are early-week data risks
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary