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Aug 23 - 03:55 PM

AUD/USD - Risk Rally Drives A Hard Squeeze Of Shorts

By Christopher Romano  —  Aug 23 - 01:37 PM
  • AUD/USD lifts in Europe am, NY opens near 0.7180, lift extends in NY

  • Upbeat risk drives safe-have sales, AUD/JPY rallies near 79.20

  • Stocks ESv1 hit record highs, while commodities & EM ccys are buoyed

  • AUD/USD rallies to 0.7213, pair sits near session high late in the day

  • Techs lean bullish; daily RSI rising, Friday bull hammer follow by a rally

  • Shorts may continue to get squeezed until Fed's Jackson Hole event risk

  • For more click on FXBUZ




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Source:
Refinitiv IFR Research/Market Commentary

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