By Krishna K — Aug 03 - 06:40 PM
AUD/USD consolidates in early Asia after closing 0.2% higher on Thursday
Recovers from a 0.6514 low in NYK on perception decline over-extended
Pair down 3.35% from Mon 0.6740 high as RBA seen as done on hiking cycle
Risk aversion, higher U.S. yields, China economic concerns also undermined
RBA Statement of Monetary Policy awaited Fri for guidance on interest rates
U.S. July NFP & average hourly earnings key for markets; U.S. CPI next week
Support 0.6500-10, 0.6480-85, 0.6460, resistance 0.6570-75, 0.6595-0.6600
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Source:
Refinitiv IFR Research/Market Commentary