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TDUX
Aug 27 - 10:55 PM

AUD/USD - Edges Towards Topside Break Ahead Of Jackson Hole

By James Connell  —  Aug 27 - 09:13 PM

• AUD/USD +0.1% Fri in subdued trading as markets eye Jackson Hole Symposium

• AUD still pressing against crucial 0.7200 technical resistance zone

• Challenge of 0.72825 50-month high likely amid building RBA hike bets

• Futures pricing now implies 58.5% probability of RBA 25 bps hike in Sep

• Fed Chair Warsh speech at Jackson Hole Fri looms as pivotal event Fri

• Fed officials Schmid, Goolsbee, & Hammack issue warnings on U.S. inflation

• Range Asia 0.71855-0.7200 support 0.6920 0.6866, resistance 0.7200 0.7277-82
AUD Weekly 52-WMA


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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