Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Aug 29 - 02:36 AM
AUD/USD - Modest Downside Bias, Optimism In The Capex Detail
First appeared on eFXplus on Aug 29 - 12:40 AM
  • Off 0.1% in Asia with reasonable interest, supported by AUD/NZD demand
  • Capex missed but equipment and machinery +2.5% - boost to GDP nL3N25P0S9
  • AUD/NZD +0.3%, bad NZ business data nL3N25P0F7 charts bullish nL3N25P0WE
  • Trades at familiar levels around the middle of four week 0.6677/0.6822 range
  • Momentum studies flat line, but 5, 10 & 21 DMAs fall, modest downside bias
  • 0.6713 76.4% of this week's bounce then 0.6677 range base initial support
  • Earlier 0.6744 high and 0.6759 10 DMA that capped yesterday first resistance

aud aug 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!