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Aug 09 - 08:55 AM

AUD/USD - Shorts Relent A Bit Despite Some Key Signals

By Christopher Romano  —  Aug 09 - 07:36 AM
  • AUD/USD hits an 8-session low of 0.73285 on D3 in overnight trading

  • Slide aided by equities, copper, iron-ore, AUD/JPY drops & USD/CNH rise

  • Pair bounces in early NY as US 10-yr yield sinks, Dec 2022 ED price rises

  • AUD/USD lift stalls near the bear flag base that formed on daily charts

  • Pair also trades below the bearishly aligned 10- & 21-DMAs

  • Techs favor bears but US CPI risk looms & may keep investors side lined

  • For more click on FXBUZ




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Source:
Refinitiv IFR Research/Market Commentary

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