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Aug 08 - 11:55 PM

AUD/USD - NAB Business Survey Strong, But Lower On AUD/JPY Sales

By John Noonan  —  Aug 08 - 09:45 PM
  • AUD/USD under slight pressure despite strong NAB business survey nS9N2Y1016

  • AUD/JPY selling out of Tokyo after 1% rise on Monday weighing on AUD/USD

  • NAB business survey shows resilient demand and rising inflation pressures

  • AUD outperformed Monday due to solid gains in key commodities

  • Both Brent crude and London copper are slightly lower in Asia

  • AUD/USD support around the 10-day MA at 0.6971 with low so far at 0.6970

  • More support found at the 21-day MA at 0.6911

  • AUD/USD sellers are tipped above 0.7000 with yesterday's high at 0.7002

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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