By Christopher Romano — Aug 09 - 01:35 PM
AUD/USD opened NY near 0.6540 after falling overnight, slide extended
After an early lift AUD/USD fell to 0.65205 with help from soured risk
USD/CNH rallied off its session low, stocksESv1 & iron-oreDCIOc2 fell
Bear ran out of gas however and US$ buying abated, AUD/USD lifted
Rally extended toward 0.6540 after US Treasury's 10-yr note auction
AUD/USD was down small, traded down -0.13% late in the session
Daily doji candle formed, suggests investors are indecisive
US July CPI due Thurs., Downside surprise may sink US$, US yields
AUD/USD may then test resistance in the 0.6610/20 zone
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Source:
Refinitiv IFR Research/Market Commentary