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Thomson Reuters
Nov 29 - 08:36 PM
AUD/USD - Struggles To Extend The Powell Boost
First appeared on eFXplus on Nov 29 - 01:35 PM
  • Pair sets new s-t high in early NY after core PCE sees downside miss
  • UST yields & US$ sink on the data, AUD/USD nears 0.7350 but gains fade
  • US$ & UST yields bounces sharply while trade concerns linger
  • Trump comments on China whip pair around but result in lower levels
  • Pair nears Asia low late in the day and trades near flat
  • Daily techs warn longs, RSI diverges & a gravestone doji forms
  • Traders now look to the G20 for their next directional cues

chart: Click here

Source:
Thomson Reuters IFR Markets

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