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Aug 30 - 08:55 AM

AUD/USD - Battle Of The Chart Signals Leans Bullish

By Peter Stoneham  —  Aug 30 - 06:35 AM
  • Choppy AUD price action leaving chart signals in tatters

  • Friday bearish key day reversal not completely confirmed Monday

  • Bearish close Monday but also a hammer candle (bullish) recorded

  • Into Tuesday and a potential bullish engulfing line

  • calmer equity markets, risk aversion simmering and Japanese demand cited

  • AUD/JPY demand helping lift AUD/USD from 0.6840 Mon low: 0.6834 cloud base

  • AUD bond yields widen premium over Japan: JGB yield suppressed by BoJ

  • AUD/USD bull targets: daily cloud top at 0.6982 and 0.7009 Aug 26 top

    For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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