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Aug 25 - 01:55 AM

AUD/USD - Spins Its Wheels In Bearish Rut Before Powell Speech

By Ewen Chew  —  Aug 24 - 11:05 PM
  • AUD/USD spins its wheels, stuck around Fri open 0.6416

  • Closing below 0.6417 affirms Bollinger downtrend channel

  • Tiny range 0.6412-0.6420 traded ahead of Powell's speech

  • Fed chair's speech at Jackson Hole will be scrutinized

  • Odds are he will strike a balanced tone on Fed rate path

  • UST yields creep up in Asia, with 2y at 5.025%, 10y 4.251%

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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