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Aug 26 - 08:55 AM

AUD/USD - Bulls Pause Ahead Of 0.6800 Awaiting Fed, RBA Policy Clarity

By Paul Spirgel  —  Aug 26 - 07:50 AM
  • AUD$ soft into NorAm open, -0.4% at 0.6771, Monday range 0.6798-68

  • UST yields hover near flat; post-Powell longs lighten

  • Liquidity soft amid UK holiday, upcoming U.S. holiday next week

  • Asia currencies fall in tandem, CNH -0.1%, NZD -0.5%

  • Rise to 2024 high 0.6839 on Jan 2 delayed for now, Falling cloud attracts

  • Support at 0.6768 Mon low, 0.6701 the rising 10-DMA, 0.6675 10-WMA

  • Res 0.6799 Fri high, 0.67 big-figure resistance; 0.6839 the 2024 high

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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