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Aug 25 - 03:55 PM

AUD/USD - Risk Buoys But The 10-DMA Remains Magnetic

By Christopher Romano  —  Aug 25 - 01:51 PM
  • AUD/USD falls towards 0.7245 into NY's open as US$ is firm early on

  • Risk-on dominates though, stocks ESv1 hit new highs, copper gains

  • Safe-havens US$ & yen buying takes hold, AUD/JPY rallies above 80.00

  • USD/CNH gains erode as pair near 6.4700, AUD/USD buyers emerge

  • Pair lifts slightly above the 10-DMA, turns positive, hits 0.7270

  • Techs are mixed; daily RSI rises monthly falls, down trend intact

  • Investors now focused on Fed's Jackson Hole event which begins Thursday

  • For more click on FXBUZ

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Source:
Refinitiv IFR Research/Market Commentary

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