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TDUX
Oct 27 - 07:55 AM
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AUD/USD - Bulls Give Some Push Back

By Christopher Romano  —  Oct 27 - 07:11 AM

• 0.7010-0.7036 traded overnight, NY opened near 0.7030, up +0.24%

• AUD/USD rallied despite general USD strength, drops in gold, silver

• US yield , USD/CNH drops & copper, stock gains buoyed AUD/USD

• The pair's resiliencey in the face of UD strength has techs flashing bull signals

• Daily, monthly RSIs indicate upward momentum, pair above 10- & 21-DMAs

• Ongoing consolidation of rally off Oct. 15 low, monhtly bull hammer add to bull signs
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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