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Sep 14 - 03:55 PM

AUD/USD - Bears Pounce On The Post-CPI Opportunity

By Christopher Romano  —  Sep 14 - 01:41 PM
  • AUD/USD sinks in Europe's am, NY opens near 0.7330 then hits 0.7324

  • Below estimate CPI sinks rates as investors push back Fed taper expectations

  • Dec 2022 ED EDZ2 rallies sharply, US$ follows rates lower, AUD/USD rallies

  • AUD/USD hits 0.7369 but gains are erased as sour risk sinks stocks, AUD/JPY

  • AUD/USD drops back below the 38.2% Fib of the 0.71065-0.74775 rally

  • Pair near 0.7330 late in the day, techs are leaning bearish

  • Daily RSI falling, 55-DMA caps gains, monthly gravestone doji is in place

  • For more click on FXBUZ


audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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