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Aug 16 - 07:55 PM

AUD/USD - Opens Unchanged Ahead Of Key Aus Wage Data

By John Noonan  —  Aug 16 - 06:55 PM
  • AUD/USD opens unchanged after a day of whippy consolidation

  • It opens around the 10-day MA @ 0.7019 with support @ 21-day MA @ 0.6986

  • A break and close below the 21-day MA would confirm a top is in place

  • Resistance is at the 200-day MA at 0.7146 where sellers are tipped

  • Key commodities steadied on Tuesday to take some of the pressure of AUD/USD

  • Aus Q2 wage price index is out today and could impact RBA expectations

  • The RBNZ meets today and could spark volatility in the AUD and NZD nL4N2ZQ0IZ

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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