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TDUX
Aug 19 - 04:55 PM

AUD/USD - US Treasury Helps Erase Overnight Losses

By Christopher Romano  —  Aug 19 - 02:09 PM

• NY opened near 0.7075 after 0.7067 traded overnight, rally took hold early

• US Treasury announcement sent yields , down & rallied risk assets

• Gold, silver, copper & equities put in solid gains & USD/CNH fell to 6.7279

• AUD/USD spiked up and pierced the 61.8% Fib of 0.7277-0.6867, traded 0.7129

• USD & yields firmed in NY's afternoon, AUD/USD neared 0.7115 into the Fed minutes

• AUD/USD rallied slightly after the Fed minutes, traded up +0.45% late in the day

• Techs lean bullish; RSIs are rising, ongoing consolidation, hold above 10-DMA are bullish
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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