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TDUX
Aug 06 - 01:55 PM

AUD/USD - US Dollar, Yields Put Bulls On Defense

By Christopher Romano  —  Aug 06 - 01:30 PM

• NY opened near 0.7045 after 0.7060 traded overnight, selling took hold

• Broad-based USD buying & rally in US yields weighed on AUD/USD

• USD got an added boost from gold, silver, copper, equity drops & USD/CNH gains

• AUD/UD fell to 0.7023, it neared 0.7035 late, traded down -0.35% in NY's afternoon

• Techs lean bullish; monthly RSI rising, pair above 10-, 21-, 55- & 200-DMAs

• US July payrolls report Friday is a key risk for investors
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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