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Aug 05 - 03:55 PM

AUD/USD - NY's Early Gains Get Erased

By Christopher Romano  —  Aug 05 - 01:55 PM
  • NY opens near 0.7205 on US$ selling & yuan gains nL1N2F70ES

  • Equities, copper & AUD/JPY gains help buoy AUD/USD in early NY

  • Overnight rally extends to 0.7241 in NY but bulls run out of gas

  • US$ selling fades, USD/CNH bounces above 6.9400, AUD/USD slides

  • NY gains erode, pair nears 0.7190 late but is up near 0.45% on the day

  • The long upper wick on today's candle could be a warning for longs

  • For more click on FXBUZ











aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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