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Jul 23 - 03:48 PM
AUD/USD - Bears Are Gaining Traction
First appeared on eFXplus on Jul 23 - 01:40 PM
  • Philly Fed services sees big jump up, IMF upgrades 2019 US growth estimate
  • US rates gain, AU-US yield spreads widen, lower chance of Fed cut FEDWATCH
  • US$ broadly bid, AUD/USD slides near the July 17 low, little bounce seen
  • AUD/USD longs growing concerned the recent rally is ending
  • Techs lean bearish, 10 & 21-DMA pierced, RSIs slide to give bears momentum
  • AU, EZ July PMIs due; downbeat results will increase global growth concerns

chart: Click here

Refinitiv IFR Research/Market Commentary


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