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TDUX
Oct 19 - 01:55 PM
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AUD/USD - Bulls Ceded Some Gains On US Dollar, Yield Lifts

By Christopher Romano  —  Oct 19 - 01:28 PM

• NY opened near 0.6985 after 0.6945 traded overnight, pair extended the rally

• 0.6993 traded as stocks, gold, silver gains & USD, US yields sank

• Rally ran out of gas however as USD, US yields, USD/CNH then firmed up

• AUD/USD slid away form the 21-DMA, neared 0.6975 late, traded up +0.45%

• Techs lean bullish; RSIs indicate upward momentum, pair above the 10-DMA

• Bull pennant on monthly chart reinforces the bullish tech signals
audusd


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

Source:
London Stock Exchange Group | Thomson Reuters

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