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Aug 27 - 08:55 AM

AUD/USD - Ahead Of Powell Bulls Are Prodded By Data, Yen Sales

By Christopher Romano  —  Aug 27 - 07:35 AM
  • Six-day high set on above f/c AU CAPEX nAZN02RL00, AUD/JPY piercing 77.00

  • US 10-yr yield drop, fed fund futures price gains likely help boost as well

  • AUD/USD rallies to 0.72625 overnight, pulls back near 0.7240 into NY's open

  • Drop in equities ESv1 & copper HGv1 aid in AUD/USD's intra-day dip

  • Key 0.7275/95 resistance remains an impediment for bulls ahead of Powell

  • Bulls need Powell to be very dovish if that resistance is to break

  • Break opens door to 0.7395/0.7415 resistance For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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