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Sep 01 - 07:55 PM

AUD/USD - Downtrend Entrenched But Strong Supports At Hand

By Krishna K  —  Sep 01 - 06:45 PM
  • AUD/USD on the defensive in Asia after declining 0.85% Thursday

  • Undermined by higher US yields and concerns over China's economy

  • Lower commodities weigh; NYK copper -3.2%, SGX iron ore contract declines

  • All eyes on August US jobs data Fri, increase of 300,000 jobs expected

  • RBA meeting Tuesday eyed, c.bank likely to raise rates by 50 bps

  • Support 0.6760-70,0.6720, resistance 0.6835-45;Asia stocks key for direction

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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