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Aug 25 - 08:55 AM

AUD/USD - US Dollar Longs Bolt Ahead Of Fed's Jackson Hole Risk

By Christopher Romano  —  Aug 25 - 07:20 AM
  • US$ lower on pre-Jackson Hole profit taking, rates EDH3 sink as well

  • USD/CNH neared 6.8465 before bouncing towards 6.8600, still down -0.27%

  • Equities ESv1, commodities DCIOc2, AUD/JPY gains drive risk-on theme

  • AUD/USD rallied overnight, hit 0.6991 in Europe, NY opens near 0.6975

  • 10- & 21-DMAs and daily cloud top pierced, daily RSI is now rising

  • Monthly doji candle forms & monthly RSI is poised to turn upwards

  • US claims, Q2 GDP 2nd estimate, Q2 core PCE prices are data risks

  • Fed's Jackson Hole symposium begins today, may help limit data impacts

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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