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Sep 20 - 07:55 PM

AUD/USD - Mired In A Range; Fresh Catalysts Needed For Break

By Krishna K  —  Sep 20 - 06:40 PM
  • AUD/USD opens unchanged after failing to sustain rally above 0.7300 on Fri

  • Consolidation in 0.7250-0.7350 within broader 0.7200-0.7400 band to continue

  • Lack of momentum on either side suggests fresh catalysts required for move

  • Risk mood may stabilize as TikTok avoids shut down; may underpinnL2N2GG06S

  • U.S. Supreme Court nomination, Powell testimony key events this week

  • RBA Debelle speech Tues, FTSE Russell China bond index inclusion Thurs eyed

  • Support 0.7275-80, 0.7250-55, resistance 0.7315-20, 0.7335, 0.7340-50

  • For more click on FXBUZ


Iron ore exports to China from Australia's Port Hedland Click here

Source:
Refinitiv IFR Research/Market Commentary

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