NEW Home Sales

The U.S. dollar was broadly flat after CB Consumer Confidence fell short of expectations and New Home Sales weakened more than forecast. EUR/USD found support from stronger German sentiment, while USD/CAD retreated and USD/JPY advanced despite lower Treasury yields.

AUD/USD traded unevenly as the US dollar recovered modestly and traders waited for a busy run of US macroeconomic releases. Technical traders are watching whether the pair can hold above its 50-period EMA and retest last week’s 0.7180 high, with 0.7250 seen as a potential upside level if momentum improves.

AUD/USD is consolidating near recent multi-month highs as traders assess whether the pair can resume its broader advance after a modest pullback. U.S. inflation data, economic releases and Federal Reserve signals from Jackson Hole could decide whether the bullish setup extends or reverses sharply.