Derived Data That Drive Results
By Richard Pace — Aug 31 - 05:35 AM
AUD/USD 0.6468-0.6508 before U.S. PCE, jobless claims Thurs, NFP Fri
Month end flows in the mix for now, too. Data likely decides direction
Initial support/resistance Wed's 0.6450-0.6522 low/high
Close above broken 23.6% Fibo 0.6895-0.6365 drop 0.6490 targets 38.2% 0.6567
Daily cloud twist can often attract, but 0.6678 Sept 12 looks like a stretch
Falling FX option implied volatility consistent with range trade, weaker USD
Are options under pricing U.S. NFP risk to FX? nL1N3AC0E5
For more click on FXBUZ
AUD=D3 Click here
Source:
Refinitiv IFR Research/Market Commentary
