AUD/USD dropped to 0.6508 overnight, buyers emerged & pair turned positive

0.65655 traded, NY opened near 0.6550, pair was up +0.53% in early NY

US$, US yield US2YT=RR drops helped AUD/USD turn positive

USD/CNH drop towards 7.1545, USD/JPY drop below 146.00 helped buoy AUD/USD

Commodity HGv1XAU= gains, stock ESv1 bounce off low added buoyancy

Recent price action show possible inverse head & shoulders pattern forming

Break, close above 50% Fib 0.67985-0.63485, 7/25 high completes the pattern

Rising RSIs, thinning & rising daily cloud reinforce bullish signals

August's monthly long legged doji suggests bears are losing their grip

US claims data & their impact on Fed policy is a key risk in NY

China July PPI & CPI are key risks in Asia trading for Friday

For more click on FXBUZ