By Paul Spirgel — Aug 30 - 01:45 PM
AUD$ ending NorAm +0.15% at 0.6490, Wed range 0.6522-0.6450
Early Asia dip on low inflation reversed as UST yield dipped on soft US data
Traders on alert for U.S. core PCE, claims Thursday; US payrolls Friday
Should NFP follow recent data on soft side 30-DMA at 0.6550 likely tested
A close above 0.6593, the 50% Fib of 0.6821-0.6365 shifts momentum to bulls
Support at Wed post CPI low 0.6450, 10-DMA 0.6434, Aug 25 low 0.6380
China Caixin Mfg final PMI f/c at 49.3, f/c range 50-48.6 may hold sway as well
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary