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Aug 16 - 08:55 AM

AUD/USD - Shorts Gain Traction, Flirt With A Big Psychological Level

By Christopher Romano  —  Aug 16 - 07:20 AM
  • AUD/USD pierced 0.7040 overnight but sellers emerged, NY opens near 0.7000

  • Fall aided by equity ESv1, commodity DCIOc2, yield YTTc1 drops

  • Buoyant US$ help pair slide, USD/CNH down small but remains above 6.8000

  • AUD/USD fell below the 10-DMA, pierced the daily cloud top, hit 0.69915

  • Techs lean bearish; daily RSI falling, monthly poised to turn down

  • US July housing starts, building permits, industrial production are risks

  • Slew of Fed speakers remain a risk, are on tap for later this week

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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