By Paul Spirgel — Aug 26 - 01:40 PM
AUD$ soft in NorAm aft trading, -0.18% at 0.6785; traded 0.6787-68 in NY
RBA seen more hawkish than Fed in near-term provides boost for bulls
LSEG's IRPR prices -101bp t YE 2024, RBA -30bp; Fed more dovish to YE 2025
Commods higher aid relative AUD bid, U.S. soft landing view gaining traction
AUD$ res at 0.6799 Friday high, 0.6806 upper 30-d Bolli, 0.6836 Jan 2 high
Supt 0.6768 Mon low, 0.6704 daily cloud top, 0.6692 23.6% of 0.6349-0.6799
Rising RSIs, August monthly bull hammer give techs a bullish lean
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Source:
Refinitiv IFR Research/Market Commentary