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Feb 19 - 05:55 PM

AUD/USD - Opens Slightly Lower But Strong Supports Loom

By Krishna K  —  Feb 19 - 04:35 PM
  • AUD/USD down 0.2% in early Asia after closing unchanged on Friday

  • Had recovered from 0.6812 low on profit taking ahead of long w/e in New York

  • Rallies to be capped as more Fed policymakers point to higher rates

  • Goldman Sachs, BofA expect three more U.S. rate hikes this year

  • AUD dips sought as hawkish RBA offsets Fed; Fri global range 0.6884-0.6812

  • Minutes of Feb RBA meeting, Australia wages and capex data eyed this week

  • Support at 0.6805, 200-DMA and 0.6780, the 38.2% of Oct-Feb rally

  • Resistances at 0.6885-0.6895, 0.6930-40; NYK holiday Mon may affect activity

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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