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Aug 30 - 02:36 AM
AUD/USD - Strikes And Data Cap, As Bearish Signals Build
First appeared on eFXplus on Aug 30 - 12:35 AM
  • Off 0.2% as a sharp 9.7% fall in building approvals nAZN06HI00 weighed
  • Followed weak Capex yesterday, producing a third day of lower highs and lows
  • Event risk next week- retail sales, poll +0.2%, RBA unchanged, and GDP +0.5%
  • A significant miss, or surprise RBA cut would see the 0.6677 2019 low tested
  • 5, 10 & 21 daily, weekly and monthly MAs head south - bearish setup
  • Sustained 0.6677 break opens the door to 0.6263, 76.4% 2001/2011 rise
  • Earlier 0.6706 low supports, 0.6755-70 1.5BLN strikes cap

aud aug 30 Click here

aud aug 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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