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Aug 04 - 08:55 AM

AUD/USD - REFILE-BUZZ-AUD/USD-A Key Fibo Is Magnetic After The RBA

By Christopher Romano  —  Aug 04 - 07:45 AM

Adjusts chart position

  • RBA says downturn not as severe as expected; No AUD mention nS9N2EK00K

  • AUD/USD rallies to 0.71525, lift aided by gains in iron-ore, AUD/JPY

  • Some AUD/USD gains erode though, equities & copper falls help weigh

  • AUD/USD hugs the 61.8% Fibo of 0.8136-0.5510 as NY trading begins

  • Pair is below 10-DMA & daily RSI near overbought; should concern longs

  • March-July rally intact though, dips likely to be bought nL1N2F50ZX

  • US July PMI & employment data loom, could lead longs to take some profits

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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