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Aug 12 - 08:55 AM

AUD/USD - Longs Continue To Struggle Above The 21-DMA

By Christopher Romano  —  Aug 12 - 07:22 AM
  • AUD/USD trades heavy in Asia, Europe trading, falls below the 10 & 21-DMAs

  • Pair's slide aided by AUD/JPY drop near 8.20, iron-ore DCIOc2 turn down

  • US 10-yr yield US10YT=RR gains, eurodollar EDZ2 price drop buoy US$

  • USD/CNH rallies off the session low, nears 6.4780 in early NY

  • AUD/USD dips below 0.7355 in early NY trading, Tuesday low now targeted

  • Daily RSI turns down again & a long upper wick forms on the August candle

  • US weekly and continuing jobless claims, July PPI are data risks in NY

  • For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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