By Christopher Romano — Oct 16 - 07:20 AM
AUD/USD rallied 0.6299-0.6332 overnight, NY opened near 0.6320, +0.35%
Lift aided by general US$ sales, iron-ore DCIOc2 & equity ESv1 gains
Techs lean bearish; monthly RSI falling & pair below 10- & 21-DMAs
Consolidation of drop from Oct 11 high reinforces bearish the signals
0.6270/85 remains key support, if breaks 2022 yearly low at 0.6170 in focus
October Fed NY manufacturing index is the sole data risk in NY hours
Remarks from Fed's Harker a risk in NY; RBA minutes release a risk in Asia
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary