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Aug 20 - 08:55 AM

AUD/USD - Balanced Risks Help Keep Range Tight

By Christopher Romano  —  Aug 20 - 07:20 AM
  • AUD/USD hit 0.6738 in Asia then traded 0.6714, NY opened near 0.6732

  • Pair traded near flat on the session in early NY as risk were balanced

  • US yield US2YT=RR, US$ drops helped to limit AUD/USD's downside

  • Commodity DCIOc2HGv1, equity ESv1 gains helped underpin the pair

  • USD/CNH rally to 7.1470 & AUD/JPY drop helped limit AUD/USD's upside

  • Daily doji formed, daily RSI diverged on the fresh 1-month high

  • Daily techs may concern longs but monthly techs remain bullish

  • Longs may be concerned by daily cloud which thins, falls next week

  • Fed's Bostic, Barr scheduled to speak Tuesday, may impact risk sentiment

  • Weekly jobless claims, Aug. S&P Global PMIs risks looms for Thursday

  • 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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