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Aug 23 - 02:55 AM

AUD/USD - Claws Back Some Ground As Bargain Hunters Move In

By Krishna K  —  Aug 23 - 01:38 AM
  • AUD/USD up 0.4% in Asia as bargain hunters scoop up stocks & commodities

  • Boosted by growing perception that Fed may delay tapering on virus concerns

  • Powell speech at Jackson Hole Thursday awaited for clues on timing of taper

  • SSEC +1% as China reports no new locally acquired virus cases, boosts risk

  • AUD upside likely to be capped as Sydney new cases hover near record levels

  • Resistance 0.7180-85, 0.7200-10, support 0.7130-35, 0.7100-10

  • For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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