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Aug 24 - 08:55 PM

AUD/USD - Mowed Down As Risk-Off Hits Before Jackson Hole

By Ewen Chew  —  Aug 24 - 08:15 PM
  • AUD/USD mowed down late Thurs, more than erasing Wed gains

  • Last 0.6417, re-enters Bollinger downtrend channel

  • Fri close below 0.6417 confirms bearish chart bias

  • That will set it on course to toward 0.6300 barrier

  • Risk-off hit hard before Powell speech at Jackson Hole Fri

  • Hawkish Fed-speak tanked stocks, boosted US yields nL1N3A51Y5

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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