By Christopher Romano — Aug 07 - 07:10 AM
AUD/USD traded 0.65105-0.6573 overnight, pair struck a 9-session high
NY opened near that hit, pair traded up +0.84% with help from yen sales
Comments from BoJ's Uchida drove JPY selling, rallied AUD/JPY above 97.00
Comments also buoyed risk assets; stocks ESv1, gold XAU= traded up
AUD/USD rallied despite drops in iron-ore DCIOc2 and copper HGv1
Pairs' rally stalled near the 50% Fibo of the 0.67985-0.63485 decline
Bullish technical signals suggest that Fibo may break however
Daily, monthly RSI rising, monthly bull hammer in place, pair above 10-DMA
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary