By Christopher Romano — Aug 11 - 07:15 AM
AUD/USD hit a 3-session low but traded a tight 0.6510-0.653353 range
Higher UST yields US10YT=RR, USD/CNH rally to 7.2573 weighed on AUD/USD
Drops in equities ESv1, copper HGv1 helped to underpin the US dollar
AUD/USD opened NY near 0.6525, traded up +0.20% and above 0.6460/90 support
Daily RSI diverged on today's low which gives longs some hope
Hold below the 10-DMA, falling monthly RSI give shorts some encouragement
US July PPI, August University of Michigan are data risks in NY
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Source:
Refinitiv IFR Research/Market Commentary