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Aug 16 - 02:55 AM

AUD/USD - Claws Back Some Ground Ahead Of AU Wages Data Wed

By Krishna K  —  Aug 16 - 01:30 AM
  • AUD/USD up 0.15% in Asia as traders take profits after sharp 1.4% drop Mon

  • Focus shifts to Australia Q2 wages data Wed, July employment data Thursday

  • Minutes of RBA Aug policy meeting shows c.bank walking tight rope on policy

  • Needs to prevent high inflation without curbing economic growth nL1N2ZS039

  • Australia inflation shot to 6.8% in June by new monthly measurenS9N2Y101C

  • Upside limited as weak data from China, US raise global recession fears

  • Support .7003, 50% of 0.6870 to 0.7136 rally followed by 0.6981, 21-day MA

  • Resistance 0.7055-60, 0.7080-85

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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