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Aug 23 - 10:55 PM

AUD/USD - Asia Cautious, As The USD Shows Resilience

By Andrew M Spencer  —  Aug 23 - 08:35 PM
  • Flat, with a slow start to the week, despite the Wall Street rise Friday

  • E-mini S&P +0.15%, Nikkei flat, AsiaxJP -0.1% and ASX 200 -0.1%

  • Treasurer said effective unemployment to exceed 13% by end of September

  • Second wave of coronavirus in Victoria resonates in the data nL4N2FP055

  • Techs; 5, 10 & 21 DMAs coil, momentum studies edge lower - neutral setup

  • Last week's topside failure suggests a potential test of the downside

  • 0.7112 lower 21 day Bolli, and 0.7085 38.2% Jun-Aug rise major supports

  • This morning's 0.7152-0.7170 range is initial support-resistance

    For more click on FXBUZ

aud aug 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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