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Sep 06 - 10:55 PM

AUD/USD - Grinds Towards Resistance; US Inflation Crucial

By James Connell  —  Sep 06 - 09:34 PM

• AUD/USD +0.1% Mon, edges towards key 0.7210-15 resistance zone in Asia

• Pair targets 0.72825 50-month high, topside potential rises markedly above

• Aug U.S. inflation updates now pivotal, PPI due Wed followed by CPI on Thur

• Trump threatens to stop trading with some countries unless FOMC cuts FFR

• Weekend U.S.-Iran flare up having limited early week impact

• RBA officials Sarah Hunter and Andrew Hauser speaking in Sydney Tue

• Range Asia 0.7197-11 support 0.6920 0.6866, resistance 0.7215 0.7277-82
AUD Daily 21/100/200-DMA


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

Source:
London Stock Exchange Group | Thomson Reuters
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