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Aug 30 - 07:55 AM

AUD/USD - Restrictions And Taper Inevitability Weigh Heavy

By Peter Stoneham  —  Aug 30 - 06:22 AM
  • Wide scale virus restrictions a drag on the AUD despite Friday rebound

  • POLL-Aussie econ likely slowing in Q2 before Delta downturn nL1N2Q104K

  • Powell may have disappointed but U.S. still heading towards taper

  • Aussie's recent recovery still holding while above 0.7200 but vulnerable

  • Longer-term charts show increasing bearish risk nL1N2Q10IN

  • Despite Frid's rebound still a chance AUD/USD falls for 3rd straight month

  • Levels to watch: 0.7319, 23.6% Fibo off 2021 hi-lo and 0.7222 Frid low

    For more click on FXBUZ






AUD/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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