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Aug 30 - 03:55 PM

AUD/USD - Above 21-DMA Resistance At 0.6477 After Soft ADP, Core PCE

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

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