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Aug 12 - 11:55 PM

AUD/USD - Stays Bid As Risk Mood Remains Positive In Asia

By Krishna K  —  Aug 12 - 11:25 PM
  • AUD/USD unchanged but well supported in Asia, traded a 0.6576-0.6593 range

  • Continues to hover near resistance at 0.6598-0.6602, the 100 and 200-DMAs

  • Positive risk sentiment supports; Nikkei +2.2%, ASX 200 +0.2%, E-Mini +0.15%

  • Australia Q2 wages rise at slowest pace in a year, taken in stride

  • Upside capped by geopolitical tensions, caution ahead of a data-packed week

  • Downside limited as RBA policy diverges from other major central banks

  • Clear break of 0.6605 targets 0.6625, supports 0.6550, 0.6525-30

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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