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Aug 24 - 11:55 PM

AUD/USD - Bid With Stocks, As News Provides Underlying Support

By Andrew M Spencer  —  Aug 24 - 10:35 PM
  • +0.2%, with risk resilient on easing U.S.-China trade tensions nL1N2FR01E

  • ASX 200 +0.64%, Nikkei +1.6%, AsiaxJP +0.5% and E-mini S&P +0.5%

  • Australian Covid-19 cases edged higher, but trend remains down nL4N2FQ4BX

  • Rumours of strong demand for AOFM new Nov 2031 Treasury bond this week

  • Techs; 5, 10 & 21 DMAs coil, momentum studies edge lower - neutral setup

  • Last week's topside failure suggests a potential test of the downside

  • Test of 0.7109 August 12th base looks viable in coming sessions

  • Asian 0.7156-0.7182 range is initial support-resistance

For more click on FXBUZ


aud 2 aug 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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