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Aug 21 - 08:55 AM

AUD/USD - Bulls Retreat A Bit After A New High Is Struck

By Christopher Romano  —  Aug 21 - 07:10 AM
  • AUD/USD hit 0.6752 in Asia, a fresh 1-month high, sellers then emerged

  • Pair fell to 0.6732, NY opened near 0.6740, traded down -0.07% early NY

  • Balanced risks helped to keep the pair's range limited

  • Commodity DCIOc2HGv1, AUD/JPY, equity ESv1 gains limited downside

  • US yield US10YT=RR, USD/CNH rallies helped to cap the pair's topside

  • Daily techs warn longs; doji in place & RSI diverging on the new high

  • The daily cloud will thin, fall beginning Thursday, may act magnetically

  • Rising monthly RSI, monthly bull hammer give AUD/USD longs comfort

  • Fed release of minutes from July 30-31 meeting a risk in NY's afternoon

  • Australia Aug. Judo Bank mfg, services, composite PMIs risks in Asia

  • US weekly claims, Aug. S&P Global PMIs are risks in NY Thursday

  • Fed's Jackson Hole meeting begins Thurs., Powell speaks Friday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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