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Aug 25 - 08:55 AM

AUD/USD - Balanced Risks Help Keep The 10-DMA Magnetic

By Christopher Romano  —  Aug 25 - 07:24 AM
  • Equities ESv1, copper HGv1, iron-ore DCIOc2, AUD/JPY all rally

  • US interest rate US10YT=RREDZ2 gains buoy US$, USD/CNH nears 6.4800

  • AUD/USD lifts in Europe am, nears 0.7264 sinks near 0.7250 in early NY

  • Pair now sitting near the 10-DMA which seems to be turning magnetic

  • AUD/USD price action may be limited as investors await a key risk

  • Fed's Jackson Hole event begins Aug 26, rhetoric will be key

  • If a hawkish tone is set recent AUD/USD rally likely to be erased

  • For more click on FXBUZ



audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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