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Aug 11 - 01:55 PM

AUD/USD - Probes Below 10-DMA, Finds Support Ahead Of 0.7140, Again

By Paul Spirgel  —  Aug 11 - 01:30 PM
  • AUD/USD soft into NY close ending NorAm +0.17% at 0.7162, NY range 0.7190-53

  • China-US political, trade angst slows AUD/USD rise despite USD weakness

  • UST yields rise ahead of large UST refunding, gold slips 4.4% aids AUD dip

  • Dollar's counterattack weakens aussie momentum nL1N2FD0WL

  • AUD aught between this week's low by 0.7141 and last week's high by 0.7240

  • Close below 0.7140 eyes series of DMA's down to 200/100-DMA by 0.6700

  • Further dawdling over US recovery aid exposes trend highs by 0.7240

  • For more click on FXBUZ

AUD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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