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Aug 12 - 08:55 AM

AUD/USD - Balanced Risks Help Consolidation Phase Solidify

By Christopher Romano  —  Aug 12 - 07:25 AM
  • Equities ESv1, AUD/JPY, Aussie yields AU3YT=RR are up on the day

  • CommoditiesHGv1DCIOc2 are down while USD/CNH lifts above 6.7400

  • AUD/USD hit 0.7128 but sellers emerged in Europe, NY opened near 0.7095

  • Another daily doji forms, pair between 61.8%, 76.4% Fib 0.7282-0.6683

  • Price action suggests pair is consolidating gains off the Aug 5 daily low

  • US July export/import prices, Aug. U. Michigan are data risks in NY

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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