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Aug 28 - 07:55 AM

AUD/USD - Upside Stalls At Familiar Hurdle

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

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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