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Aug 30 - 12:12 PM
AUD/USD - Data, Rates, China Keep The Slow Leak Intact
First appeared on eFXplus on Aug 30 - 10:00 AM
  • AU July building approvals results see a big downside miss nAZN06HI00
  • Australian bond yields slips from highs, AU-US spreads widen a bit
  • Chance of RBA cut up slightly RBAWATCH, cut still not expected by market
  • Ongoing US-Sino trade issue, Hong Kong tension nL4N25I1F3 remain AUD risks
  • AUD/USD sets a 5-day low before bouncing slightly, down small on the day
  • Techs are bearish, RSIs fall & pair holds below the 10 & 21-DMAs
  • 0.6675/80 is key support, if cleared bears target 0.6500 & 0.6240/90

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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