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Sep 18 - 08:55 AM

AUD/USD - Balanced Risks Keep Range Tight Ahead Central Banks Risk

By Christopher Romano  —  Sep 18 - 07:20 AM
  • AUD/USD rallied 0.64275-0.6449 overnight, NY opened near 0.6435, up +0.10%

  • Pair traded slightly high & range is tight as pair buffeted by balance risks

  • US$ generally lower but USD/CNH rallied toward 7.3000 on D3, was up +0.24%

  • Iron-ore fell & US yields US2YT=RR rallied while stocks ESv1 gained

  • Techs are mixed; pair above 10- & 21-DMAs, monthly RSI is falling

  • September's monthly bull hammer may be a concern for shorts

  • Fed (Wed), BOA (Thurs), BOJ (Fri) meetings are looming risks this week

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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