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TDUX
Sep 22 - 05:55 PM

AUD/USD - Rangebound As Pressure Builds On Multiple Fronts

By James Connell  —  Sep 22 - 05:33 PM

• AUD/USD -0.15% wtd, restrained despite RBA hike warning & oil volatility

• Saudi Arabia restarts oil pipeline, Brent crude -1.7% to $98.64 a barrel

• Trump threatens to annihilate Iran in UN speech if no deal can be reached

• Iran official says Strait of Hormuz could be reopened if key demands are met

• AU Aug employment due Thur, poll consensus: +20k jobs, 4.5% unemployment

• AUD break below 0.7077 100-DMA may prompt move toward 0.6920 support

• Overnight range 0.7093-0.7121 support 0.7077 0.6920, resistance 0.72825
AUD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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