By Krishna K — Aug 04 - 06:30 PM
AUD/USD likely to remain well supported in Asia after rising 0.2% Thursday
Boosted by broadly lower USD as US yield soften on global recession concerns
Record Australia trade surplus, rising expectations of robust AU GDP support
RBA releases its latest forecasts for growth and inflation on Friday
US-China tensions and China property sector concerns limit rally potential
Focus turns to Fri US jobs data; NFP expected to rise by 250K jobs in July
Resistance 0.6995-0.7000, 0.7025-30, support 0.6940-45, 0.6900-10
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Source:
Refinitiv IFR Research/Market Commentary