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Aug 24 - 03:55 PM

AUD/USD - Shorts Cede Some Ground But Still Reign

By Christopher Romano  —  Aug 24 - 01:35 PM
  • AUD/USD dropped in Europe's am, NY opened near 0.6900, slide extended

  • Broad based US$ gains & US yield US2YT=RR gains weigh on AUD/USD

  • Pair fell to 0.68795, USD/CNH drop nP8N2YT01K helped halt the drop

  • Rally in equities ESv1, US$ sales for fix lift AUD/USD near 0.6920

  • US$ firms again and AUD/USD neared 0.6905 late in the session

  • Techs are bearish; RSIs fall, pair sub-55-DMA, inverted hammer for Aug

  • Fed's Jackson Hole symposium begins Thursday, Powell speaks Friday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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