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TDUX
Aug 18 - 01:55 AM

AUD/USD - Consolidates Despite Escalating Oil Supply Concerns

By James Connell  —  Aug 17 - 11:36 PM

• AUD/USD +0.4% wtd as USD continues to struggle as traders trim FFR hike bets

• Iran threatens escalation as peace talks stall; Trump threatens to bomb Oman

• Brent crude +0.6% Tue at $91.40 a barrel as oil supply concern returns

• AUD break above 0.7130 short-term resistance would enable fresh leg higher

• 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 0.71035-139 support 0.6920 0.6866, resistance 0.7130 0.7190-00
AUD Daily 21/100/200-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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