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Aug 30 - 05:55 PM

AUD/USD - Holds Friday's Gains, 0.7394 Immediate Target

By Krishna K  —  Aug 30 - 05:15 PM
  • AUD/USD poised for more gains after rising 1.5% Fri on broad USD weakness

  • Eyes test of 0.7394 Dec 2018 high; break opens rally to 0.7453 & 0.7484

  • Boosted by strong risk appetite on lower-for-longer U.S. interest rates view

  • Rallying commodity prices, favorable interest rate differentials underpin

  • AUD lifted by demand on crosses; AUD/JPY posts weekly gain of 2.4%

  • RBA meeting Tues, Australia Q2 GDP Wed, July retail sales Fri awaited

  • Support 0.7330, 0.7300-05,07275; China official PMI to set direction Monday

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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