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Aug 15 - 08:36 PM
AUD/USD - Holds On To Gains But Upside Limited
First appeared on eFXplus on Aug 15 - 06:30 PM
  • AUD/USD remained steady through an otherwise choppy trading day
  • AUD best performing major currency as better Aus jobs data underpinned
  • Despite global growth fears, AUD proving resilient as global yields skid
  • Increasingly dovish Fed and ECB expectations giving AUD relative support
  • AUD/USD support at 0.6730/50 and 0.6630 break targets 0.6677
  • Resistance at 0.6820/35 where daily tops and a 38.2 fibo converge

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Refinitiv IFR Research/Market Commentary


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