By Christopher Romano — Aug 02 - 01:50 PM
AUD/USD opened NY near 0.6925 after the pair fell sharply overnight
Drop aided by RBA comments, increased geopolitical tensions nL1N2ZE04S
AUD/USD hit 0.69125 but then bounced along with stocksESv1, copperHGv1
Pair traded to 0.6966 but then fell below 0.6930 late as risk softened again
Fed comments on policy, inflation nL1N2ZE1P1 help weigh down AUD/USD
Techs lean bearish; RSIs falling, pair below daily cloud, 55- & 10-DMAs
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary