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Jul 06 - 03:55 PM

AUD/USD - Shorts Retreat Slightly After A Key Fibo Is Left Untouched

By Christopher Romano  —  Jul 06 - 02:10 PM
  • AUD/USD held a tight range overnight, NY opened near 0.6800, pair lifted

  • Early US$ weakness drove pair to 0.6825, US data helps erses those gains

  • US ratesEDZ2, US$ gain after JOLTS, June PMI data released nL1N2YN18G

  • Yen buying drove AUD/JPY below 91.70; USD/CNH rallied toward 6.7195

  • AUD/USD fell to 0.67615, bids near 50% Fib 0.5510-0.8007 stall the slide

  • Pair rallied toward 0.6780, neared 0.6800 after the Fed minutes nS0N2Y202X

  • Falling daily, monthly RSIs are bearish; daily doji may concern shorts

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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