By Christopher Romano — Aug 19 - 07:15 AM
AUD/USD traded 0.6666-0.6694 overnight, 76.4% Fib of 0.67985-0.63485 pierced
NY opened near 0.6690, a 1-month high traded & pair was up +0.31% early NY
US yield US2YT=RRUS10YT=RR drops weighed on US$; USD/CNH fell to 7.1278
AUD/USD's rally may have gotten a boost from copper HGv1 gains
Iron-ore DCIOc2, AUD/JPY, equity ESv1 drops didn't deter AUD/USD bulls
AUD/USD also rallied above the daily cloud base & techs remains bullish
Rising RSIs, hold above slew of DMAs, monthly bull hammer are bull signals
US weekly claims, Aug. S&P Global PMIs are data risks later this week
Minutes of Fed's July 30-31 meeting will be released Wednesday
Fed's Jackson Hole conference in focus, Chair Powell speaks Friday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary