By Justin Mcqueen — Aug 28 - 05:55 AM
AUD/USD topside remains curtailed at 0.6800
But a firm break would open up 0.6871 (Dec high)
Short-term flows favour a dollar reprieve nL1N3KF08N
Support: 0.6730-40 (200-hour MA), 0.6700 (psychological)
Monthly AU CPI leans against near-term RBA easing 0#RBAWATCH
AU weighted CPI 3.5% vs 3.4% f/c. Should also underpin AUD/NZD
Meanwhile, a lack of key data keeps ranges tight
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Source:
Refinitiv IFR Research/Market Commentary