By Andrew M Spencer — Aug 25 - 10:00 PM
Trades off 0.17% this morning in Asia amid broad-based yen strength
AUD/JPY is off 0.56%, capping AUD/USD, as Treasury yields ease
Significant AUD volumes this morning on LSEG FX matching
Charts; 5, 10 & 21-day, week moving averages climb - mixed momentum studies
21-day Bollinger bands expand - overall a strong positive trending setup
The 0.6798 July trend top capped - 0.6871 Dec 2023 high is next resistance
A close above 0.6871 would target 0.6895/00, the June and July 2023 high
Close below 0.6697/02 last week's low and 21-DMA would end the topside bias
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary