By John Noonan — Aug 30 - 06:15 PM
AUD/USD opens around 0.6475 for second day in a row after topping at 0.6522
The 0.6522 high was hit when US yields slid following softer US data nL1N3AB1CZ
US yields recovered later in the US session to finish the day flat nL1N3AB1TW
Recovery in US yields coincided with AUD/USD falling to 0.6475 from 0.6522
AUD/USD failed to close above 21-day MA (0.6476 Wed) and is 0.6473 today
Resistance is at 38.2 of 0.6895/0.6365 at 0.6567 with sellers at 0.6525/30
Support is at the 10-day MA at 0.6440 and break eases upward pressure
Aus Q2 CAPEX out today - but key event will be China Aug PMI
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary