By Christopher Romano — Sep 08 - 07:25 AM
AUD/USD hit 0.63675 in Asia then hit 0.6415 in Europe, NY opened near 0.6395
Lift aided by yen sales lifting AUD/JPY above 94.30 which dragged AUD/USD up
USD/CNH rally to 7.36212 (D3), US yield US2YT=RR bounce helped pair's dip
EquityESv1, iron-oreDCIOc2 drops also helped AUD/USD slip from its high
AUD/USD continues to hover around the 76.4% Fib of the 0.6170-0.7159 rally
Techs lean bearish; monthly RSI falling & pair holds below the 10- & 21-DMAs
Price action since Sept 5 low appears to be only corrective in nature
Fed's Barr, Daly & Fed's quarterly financial accounts may impact risk Friday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary