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Jul 31 - 02:36 PM
AUD/USD - REFILE-BUZZ-AUD/USD-Early Gains Erode Despite U.S. Data
First appeared on eFXplus on Jul 31 - 10:10 AM

Corrects Chicago PMI story link

  • Chicago PMI see big downside miss, lowest since Dec. '15 []
  • AUD/USD unable to benefit, US$ remains broadly bid despite data & Fed risk
  • AUD/USD slides but still up on day, AU inflation tempers bears nL4N24W0WX
  • Doji forms on daily chart, RSI diverges on low, suggests rally risk grows
  • Fed decision looms, if not as dovish as expected US$ & US rates likely gain
  • AUD/USD's slide might then resume, June low & 2019 low are then in play

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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