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Aug 31 - 07:55 AM

AUD/USD - Back From The Brink But Still At Risk

By Peter Stoneham  —  Aug 31 - 05:40 AM
  • AUD/USD hovering above its daily cloud base, 0.6856

  • Volatility after technical signals not favouring the AUD nL1N3060NW

  • Aussie drawing some demand: dividend buying season and AUD/NZD demand

  • Better-than-expected Chinese PMI data also offering some relief nAZN0HPIHW

  • Flip side to the coin being commodity weakness and hawkish U.S. jobs data

  • Gold down 0.6%, oil falling 3% and iron ore down 1.7% nL1N3060CB

  • Friday's U.S. labor report the next hurdle for the Aussie: strong data risk

  • AUD/USD poised to drop under its cloud: targets 0.6798 30DMA lower Bolli

    For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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