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Aug 09 - 03:55 PM

AUD/USD - Rates, US Dollar Moves Bring Our The Rally Sellers

By Christopher Romano  —  Aug 09 - 01:47 PM
  • AUD/USD lifts in Europe am as US rates, US$ trade sink, NY opens near 0.7345

  • Pair nears the bear flag base on daily charts, session high of 0.7364 hit

  • US interest rates US10YT=RREDZ2 then rally which drives US$ buying

  • USD/CNH breaks the Asia high, rallies to a 7-session high, nears 6.4880

  • AUD/USD falls sharply & turns negative on the day, slips below 0.7335 late

  • Techs are bearish, test of bear flag base fails, RSIs are falling

  • For more click on FXBUZ




audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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