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Aug 24 - 08:55 AM

AUD/USD - The Squeeze Goes On

By Christopher Romano  —  Aug 24 - 07:24 AM
  • Risk-on drives safe-haven US$ & yen selling, AUD/JPY rallies above 79.50

  • Equities ESv1, copper HGv1 add to gains while most EM ccys gain vs US$

  • USD/CNH gives up most of its overnight gains, nears Monday's daily low

  • AUD/USD rallies as investors seek riskier plays & AUD/USD shorts cover

  • Pair nears key s-t resistance; threatens the 10-DMA, Aug 18 daily high

  • Stops likely above the high, if run 21-DMA, Aug 17 high (0.7340) are targets

  • For more click on FXBUZ



audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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