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Aug 22 - 02:36 AM
AUD/USD - Range Extends, But Charts Show Base Is The Weak Side
First appeared on eFXplus on Aug 22 - 12:40 AM
  • Off 0.2%, as Asia failed to run with positive Wall Street - E-mini S&P -0.1%
  • Caution on global growth and US yields into Jackson Hole weighs
  • AUD/JPY, an FX barometer of risk, trades -0.4%, Nikkei flat, AsiaxJP -0.4%
  • In the third week of a 0.6735/0.6822 range, leaving neutral daily charts
  • Weekly and monthly 5, 10 & 21 moving averages fall with the primary trend
  • Setup suggests selling a topside failure towards the 0.6822 range top

aud aug 22 Click here

aud2 aug 22 Click here

Source:
Refinitiv IFR Research/Market Commentary

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