By Christopher Romano — Aug 10 - 07:20 AM
AUD/USD rallied 0.6528-0.6563 overnight, NY opened near 0.6560
Rally then extended, pair hit 0.6568 as riskier assets were buoyed
USD/CNH slid below 7.2190, stocks ESv1 & iron-ore DCIOc2 gained
Softer US Treasury yields US2YT=RR helped weigh on the US$
Techs are mixed; Daily RSI is rising but monthly is falling
Hold below 10-DMA & trend line off 2022 low are bearish signs
AUD/USD longs likely need above 0.6610/20 to gain greater control
US July CPI and weekly claims are key risks Thursday morning
Comments from Fed's Bostic, Harker may have an impact on risk
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary