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Aug 22 - 03:55 PM

AUD/USD - Key Fibo Targeted Again As Gains Evaporate

By Christopher Romano  —  Aug 22 - 01:35 PM
  • AUD/USD hit 0.6929 in Europe, NY opened near 0.6910, slide extended

  • US yield US2YT=RR gains drove broad based US$ gains, helped sour risk

  • USD/CNH neared 6.8760 while stocks ESv1, commodities HGv1 sank

  • AUD/USD turned negative, struck 0.6863, sat near flat late in the session

  • Pair's slide stall just short of the 61.8% Fib of 0.6683-0.7136

  • Techs are bearish; RSIs are falling, long upper wick on daily candle

  • Aug. Australia PMIs & global PMIs are risks to overall risk Tuesday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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