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Aug 26 - 01:55 AM

AUD/USD - Soft After An Early Bounce, As Risk Appetite Softens

By Andrew M Spencer  —  Aug 25 - 11:45 PM
  • Off 0.1%, at the base of 0.7187-0.7208 range after Tokyo fix AUD/JPY demand

  • Nikkei -0.2%, AsiaxJP -0.3%, ASX 200 -0.9%%, E-mini S&P flat - Asia cautious

  • Construction work done fell 5.8%, against -5.1% forecast - little impact

  • Techs; neutral 5, 10 & 21 DMAs, momentum studies conflict - no real bias

  • Aussie is in the middle of the 0.7109-0.7275 range in place since mid August

  • USD and risk remain the driving factors, major news needed for a range break

  • Earlier 0.7208 high then 0.7221 61.8% of last weeks fall first resistance

  • NY 0.7167 low then London 0.7150 base are initial support

    For more click on FXBUZ

aud 2 aug 26 Click here

Source:
Refinitiv IFR Research/Market Commentary

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