By Justin Mcqueen — Aug 30 - 05:55 AM
Typo in headline
Marginal gains for AUD as risk assets continue to underpin
However, bulls lack conviction to push to Dec high
AUD failed to close above 0.68 following recent break
Signals that topside may be somewhat exhausted
Though, pullbacks will need data to move in favour of dollar
Resistance = 0.6824 (Thurs high), 0.6871 (Dec high)
Support = 0.6760-65 (weekly low/200HMA)
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary