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Aug 08 - 05:55 PM

AUD/USD - Bulls Charge, Ignore Inflation Data Risks

By Christopher Romano  —  Aug 08 - 02:05 PM
  • AUD/USD rallied overnight, NY opened near 0.6965, rally extended

  • EquityESv1, copperHGv1 gains & softer US yields US2YT=RR aid lift

  • USD/CNH drop below 6.7600, AUD/JPY rally above 94.40 help buoy AUD/USD

  • AUD/USD hit 0.7002, neared 0.6985 late as stock gains faded, US$ firmed

  • Techs lean bullish; daily RSI rising, pair above cloud base, 10- & 55-DMAs

  • US July CPI risk looms, downside surprise may squeeze shorts nL1N2ZK18C

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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