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Jul 01 - 01:55 PM

AUD/USD - Bears Emerge, Erase Gains After 8-Month High Hit

By Christopher Romano  —  Jul 01 - 01:18 PM

• NY opened near 0.6585 after 0.6590 (8-month high) traded in Europe

• Pair slid for most of NY's session as US$ buying emerged in early NY

• US$ got an added boost as yields firmed after ADP, ISM reports

• USD/CNH rally to 7.1645, equity bounce off lows reinforced US$ buying

• AUD/USD turned lower, hit 0.6554 then neared 0.6565, was down -0.22% late

• Daily techs warn bulls; RSI diverged on the high, daily doji candle formed
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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