By James Connell — Feb 26 - 05:04 PM
• AUD/USD buying around 0.6320-30 dried up overnight; downtrend now in place
• Current 1.4% February gain may vanish if month-end-fix selling materialises
• Risk-off sentiment continues to build amidst U.S. economy & policy concerns
• U.S. data due Thur: durable goods, preliminary GDP, jobless claims
• Domestic focus on Q4 capex, Reuters poll suggests +0.8% (prev +1.1%)
• Overnight AUD range 0.6296-0.6335, support 0.6230, resistance 0.6330
0.6415
AUD mng
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters