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Feb 24 - 05:55 PM

AUD/USD - Running Out Of Steam Heading Towards Month End

By James Connell  —  Feb 24 - 04:48 PM

• AUD/USD softened overnight as EUR lost its post-German-election glow

• Early talk of USD Month-end-fix buying, Feb rebalancing may be significant

• USD firmer against the majors; AUD pushing the lower hourly Bollinger band

• The pair will need material impetus to re-test Friday's 0.6409 high

• U.S. consumer confidence Tue; AU m/m CPI indicator Wed, quarterly capex Thur

• Overnight range AUD 0.63445-0.63915, support 0.6330, resistance 0.6415
AUD mng


AUD v EUR mng


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

Source:
London Stock Exchange Group | Thomson Reuters

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