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TDUX
Aug 05 - 11:55 PM

AUD/USD - Steady; Balance On Goods Swings To Surplus In June

By James Connell  —  Aug 05 - 09:41 PM

(Corrects month in headline and 2nd bullet)

• AUD/USD flat Thur, trading subdued despite renewed uplift in metals prices

• AU June balance on goods 1.9 bln surplus (poll -1.1 bln), exports +9.6%

• Gold +1.1%, Copper +0.3%, WTI +0.8% Thur amid Strait of Hormuz reopen hopes

• AUD 0.7088 resistance looming, break above would reinvigorate recent upswing

• U.S. initial jobless claims due Thur, followed by Jul NFP on Fri (poll +80k)

• Range Asia 0.7053-60 support 0.6920 0.6866, resistance 0.70885 0.7200
AUD Hourly Bollinger Study & DXY Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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