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TDUX
Aug 16 - 07:55 PM

AUD/USD - Grinding Higher As USD Confidence Slips

By James Connell  —  Aug 16 - 06:02 PM

• AUD/USD -0.2% from Fri 0.7095 high, but retains underlying bullish sentiment

• U.S. Jul retail sales -0.6% m/m (poll +0.1%), DXY & UST yields in retreat

• Trump tries to justify high fuel prices as an acceptable cost of Iran war

• Iran remains defiant, Strait of Hormuz remains effectively closed

• U.S. Jul import prices & industrial production (poll +0.3% m/m) due Tue

• RBA Deputy Governor Andrew Hauser fireside chat in Brisbane Wed

• AU Jul jobs update Thur, Reuters poll consensus +15k jobs, 4.4% unemployment

• Range Asia 0.7081-83 support 0.6920 0.6866, resistance 0.7095 0.7200
AUD Hourly Bollinger Study & DXY Daily 55-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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