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Aug 19 - 08:55 AM

AUD/USD - US Yields, Dollar Hold Sway Over Bearish Influences

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

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