By Paul Spirgel — Aug 29 - 01:40 PM
AUD$ holds NorAm gains into close, +0.58% at 0.6467, Tues range 0.6468-01
Soft U.S. JOLTS/cons confidence data weighs on UST yields, lifts AUD$
Recent stimulative China growth actions helped put floor in AUD$ sub-0.64
USD/CNH a tad lower; oil, copper gains help boost commod-centric AUD
Close above 10-DMA 0.6426 adds to bullish tone, res at 21-DMA 0.6483
Further res at falling 30-DMA 0.6560, 50% of 0.6821-0.6365 at 0.659s
Support at 10-DMA, Tues low 0.6401, Aug 25 low 0.6380, 2023 low 0.6365
Key data China Mfg PMIs Aug 30,31 f/c a touch higher may hold sway
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Source:
Refinitiv IFR Research/Market Commentary