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Sep 26 - 08:36 PM
AUD/USD - Range Trading Expected After Inside Trading Day
First appeared on eFXplus on Sep 26 - 07:05 PM
  • AUD/USD was side-lined Thursday and consolidated within Wednesday's range

  • Broad USD strength caps, while glimmer of hope in US-China trade underpin nL2N26H1TY

  • Market pricing in over an 80% chance of RBA cut Tuesday nL3N26H0QO

  • AUD/USD might continue to range-trade ahead of the RBA meeting

  • Support around 0.6740 with break targeting 0.6675/90

  • Resistance at the 10-day MA at 0.6793 and break eases downward pressure






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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