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Oct 09 - 03:48 PM
AUD/USD - Bulls Try To Defend A Key Short-Term Fibo
First appeared on eFXplus on Oct 09 - 01:30 PM
  • Equity gains, soft US$, US-Sino trade news boost in early NY nL2N26U0GE

  • US rates firm, US$ goes bid, USD/CNH lifts above 7.1400, AUD/USD slides

  • Pair slips toward 50% Fib of 0.6670-0.6774, sits just above late in the day

  • Bulls need support near 0.6720 to hold in order to maintain some control

  • Tech signals not clear for now, consolidation of recent gains might persist

  • AU Aug. housing finance data a risk in Asia, no forecast, prior result 5.0%








chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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