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TDUX
Aug 25 - 01:55 AM

AUD/USD - Softens Slightly, But Uptrend Still Clearly Intact

By James Connell  —  Aug 24 - 11:48 PM

• AUD/USD -0.2% wtd but remains 3.4% higher since beginning of Jul

• Pair targets break above 0.7200, may spur move toward 0.72825 Jun 2022 high

• RBA Head of Domestic Markets David Jacobs speaking in Sydney 0400 GMT Tue

• AU Jul CPI due Wed, Reuters poll consensus +0.8% m/m, +3.3% y/y (headline)

• U.S. Jul PCE price index Wed, Reuters poll consensus +0.1% m/m, +3.6% y/y

• Fed Chair Warsh speech at Jackson Hole Fri potential highlight of the week

• Harsher Iran sanctions and U.S.-CA trade trouble gives USD support

• Range Asia 0.7149-59 support 0.6920 0.6866, resistance 0.7190-00 0.7277-82
AUD Weekly 52-WMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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