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Aug 24 - 04:55 PM

AUD/USD - Safe-Haven Sales, Upbeat Risk Help Extend The Squeeze

By Christopher Romano  —  Aug 24 - 01:46 PM
  • AUD/USD rallies overnight, NY opens near 0.7240, lift extends early on

  • Equities ESv1, copper HGv1 gain, safe-have US$ & yen sold on upbeat risk

  • USD/CNH falls toward 6.4655, AUD/JPY lifts near 79.75, AUD/USD hits 0.7271

  • AUD/USD pulls back slightly as US$ buying emerges into Europe's close

  • Pair sits near 0.7355 late and is still up near 0.60% late in the day

  • Techs highlight squeeze risk, daily RSI rises, long lower wick on Aug candle

  • Fed Jackson Hole event risk looms, rally might extend on dovish rhetoric

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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