By Krishna K — Aug 15 - 08:45 PM
AUD/USD supported in Asia after closing 0.2% higher Thu despite strong USD
Displays resilience as risk rallies and carry trade demand returns
Wall Street, global markets surge on U.S. economic optimism, lift risk mood
RBA's Bullock stresses higher-for-longer on rates, underpins AUD
Diverging RBA-Fed rate expectations likely to limit AUD downside
Concerns on China's floundering economy likely to cap AUD gains for now
Support 0.6575-80, 0.6550-55, resistance 0.6640-45, 0.6690-0.6700
Thursday range 0.6570-0.6634; Asia range 0.6608-0.6615
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Source:
Refinitiv IFR Research/Market Commentary