eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• NY opened near 0.7165 after pair hit a 46-month high of 0.7197 overnight
• 0.7180 neared early NY but the overnight slide resumed as US$, yields rallied
• USD/CNH & oil added to overnight gains while gold, silver traded down
• AUD/USD hit 0.7152, sat nearby late and traded down -0.20% in NY's afternoon
• Daily techs warn bulls; RSI diverged, inverted hammer candle formed
• Those signals suggest AUD/UDS could be due for a corrective move lower
• Rising monthly RSI, pair's hold above slew of DMAs, daily
cloud give bulls comfort
audusd

(Christopher Romano is a Reuters market analyst. The views
expressed are his own)