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Aug 15 - 03:55 PM

AUD/USD - Bulls Fight But Bears Reign

By Christopher Romano  —  Aug 15 - 01:40 PM
  • AUD/USD fell sharply overnight, NY opened near 0.7040, slide extended

  • Safe-haven buying of US$, yen in early NY sink AUD/USD to 0.7012

  • Risk improves after US data nW1N2ZR001, US rates US2YT=RR soften

  • Equities ESv1 turn positive, commoditiesHGv1 bounce off their lows

  • AUD/USD rallied away from the 10-DMA, daily cloud base, pierced 0.7045

  • Pair fell towards 0.7030 late in the day as USD/CNH neared 6.8000

  • Techs are mixed; daily RSI falling but monthly rising, pair above 10-DMA

  • A slew of Fed speakers this week are key event risks

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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