By Krishna K — Aug 18 - 08:55 PM
AUD/USD up 0.25%, nears strong resistance at 0.6692 which may cap initially
Buoyed by dovish weekend comments from Fed officials Daly and Goolsbee
Powell likely to signal imminent easing at Aug 23 Jackson Hole speech
Diverging RBA-Fed rate expectations likely to result in further AUD gains
But China economy concerns, weak base metals may slow AUD rally
0.6692, 76.4% of 0.6798-0.6348 July-Aug drop, clear break opens 0.6730-40
support 0.6660-65, stronger at 0.6635-45; Asia range 0.6666-0.6686
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary