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Sep 04 - 02:55 AM

AUD/USD - Fragile After A Bruising Week But 200-Week MA Holds

By Krishna K  —  Sep 04 - 01:40 AM
  • AUD/USD consolidates ahead of U.S. jobs data after declining 1.5% this week

  • Shaken by swift drop from Tues 0.7413 high but 0.7242-0.7251 support holds

  • 0.7242 is previous high on August 7, 0.7251 is 200-WMA; Asia low 0.7251

  • Robust July retail sales data supports despite souring risk moodnL4N2G10I7

  • Wall Street Friday close crucial for AUD direction next week nL4N2G042Y

  • Below 0.7240 opens test of 21-DMA at 0.7227; daily close below opens 0.7170

  • Resistance 0.7305-10, 0.7330-35

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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