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Aug 25 - 10:55 PM

AUD/USD - Soft To Start The Week, With Yen Bid On The Crosses

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

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