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Aug 27 - 03:55 PM

AUD/USD - Fed Leaves Bulls Wanting More

By Christopher Romano  —  Aug 27 - 01:40 PM
  • Pair trades above 0.7260 in Europe's am dips near 0.7240 in early NY

  • Sharp rally to 0.7290 on Fed's introduction of new policy nW1N2F1023

  • US$, UST yields dives but reverse course & turn +ve on the day

  • AUD/USD dips below 0.7220 before lifting near 0.7255 late in the session

  • Equity, copper & AUD/JPY gains help buoy AUD/USD into the close

  • Long upper wick on daily candle could be a warning for AUD/USD longs

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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