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Aug 28 - 03:55 PM

AUD/USD - Bulls Stumble At 2024 Double Top

By Justin Mcqueen  —  Aug 28 - 01:45 PM
  • AUD bulls falter yet again as resistance at 0.68 caps

  • Ranges remain tight = 0.6769-0.6813

  • False break of 0.68 raises topside exhaustion risks

  • Follow through of pullback depends on upcoming U.S. claims/GDP data

  • Market impact on jobs data likely heightened after recent Fed shift

  • Support: 0.6744 (200-hour MA), 0.6733 (pre-Powell level)

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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