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Sep 03 - 08:36 AM
AUD/USD - Pushes Recovery Envelope From Pre-RBA Low
First appeared on eFXplus on Sep 03 - 06:20 AM
  • AUD/USD threatens 0.6730 after extending north from 0.6688 (Asia low)
  • 0.6730 was Monday's European afternoon high (during U.S. Labor day holiday)
  • Resistance levels beyond include 0.6740 (Friday's high) and 0.6745 (10DMA)
  • 0.6688 was plumbed before the RBA held its cash rate at 1.0% nL3N25U0NI
  • Pre-RBA drop to 0.6688 was prompted by Aussie retail sales miss nL3N25U03G
  • 0.6688 approximates to last week's low. 0.6678 was last month's 10-year low

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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