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Aug 22 - 08:36 AM
AUD/USD - Fading Failures To Recent Highs Keeping AUD Wrong Footed
First appeared on eFXplus on Aug 22 - 06:30 AM
  • AUD into its third week of range trading and little sign of a breakout
  • Range 0.6735-0.6822 and with offers appearing camped close to 0.6800
  • Monthly through to daily charts still argue case for selling topside fails
  • Market displaying caution against global growth concerns and Jackson Hole
  • RBA outlook unclear but some hawkish undertones within latest minutes
  • However, rate cuts still the underlying risk here nRUAKJEF6I

AUD/USD Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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