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Aug 23 - 01:55 AM

AUD/USD - Firms - Uptrend Remains In Place Into Jackson Hole

By Andrew M Spencer  —  Aug 22 - 11:40 PM
  • Trades up 0.1% in a 0.6702-0.6716 range, with modest flow on D3

  • The USD off 0.1%, as Treasury yield slipped in Asia - 10yr -2bp 3.840%

  • All eyes on Fed Chair Powell's speech at the Jackson Hole Symposium

  • Australian CPI inflation and retail sales lead event risk next week

  • Charts; 5, 10 & 21-day, week moving averages climb - mixed momentum studies

  • 21-day Bollinger bands rise - positive setup remains after Thursday's dip

  • Wednesday's 0.6761 high, then the 0.6798 July trend top are first resistance

  • 0.6674 10-DMA and this week's 0.6666 base are the first supports

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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