* RES 4: 1.4126 76.4% retracement of the Jun 24 - Aug 21 bear leg * RES 3: 1.4080 High Aug 4 and 5 *...
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Tuesday's US rates/bond options flow included:
Our preview of the July FOMC meeting minutes (out Wednesday at 2pm ET) includes what to watch for upon release; MNI's updated FOMC Hawk-Dove Spectrum; analyst views; and key highlights of FOMC participant commentary since the meeting.
A bull cycle in AUDUSD remains intact for now and Monday’s bullish start to the week reinforces the bull theme. Price has recently breached the 50-day EMA, highlighting scope for a stronger recovery and Monday’s gains delivered a print above 0.7120, the 61.8% of the May 6 - Jun 30 bear leg. A continuation higher would pave the way for an extension towards 0.7181, the 76.4% retracement point. Support at the 50-day EMA lies at 0.7025.