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Aug 30 - 07:55 PM

AUD/USD - Consolidates Around 0.7300 As Sellers Ahead Of 0.7320 Cap

By John Noonan  —  Aug 30 - 06:39 PM
  • AUD/USD opens 0.19% lower as USD steadied following Friday's fall nL1N2Q1169

  • Sell orders ahead of 0.7320 cap price action into month-end

  • Buoyant equities and commodities underpinning AUD/USD on dips nL1N2Q125R

  • Support is at the 10-day MA at 0.7240 and break would ease upward pressure

  • China PMI is out today and could set the tone for risk in Asia

  • China Manufacturing PMI for Aug expected to ease to 50.2 from 50.4

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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