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Aug 24 - 10:55 PM

AUD/USD - Charts Heavy, But Bond Related Demand May Support

By Andrew M Spencer  —  Aug 24 - 08:45 PM
  • +0.2% after closing flat, as Asia takes positive Wall Street lead

  • Rumours of strong demand for AOFM new Nov 2031 Treasury bond this week

  • Nikkei +1.3%, AsiaxJP +0.2% and E-mini S&P +0.2% - no Australian data today

  • Techs; 5, 10 & 21 DMAs coil, momentum studies edge lower - neutral setup

  • Last week's topside failure suggests a potential test of the downside

  • Upper 21 day Bolli rejection & 21DMA break targets 0.7113 lower 21 day Bolli

  • NY 0.7154 low and earlier 0.7170 Asian high initial support-resistance

  • Looks like tight range trading in Asia, unless there is news


    For more click on FXBUZ

aud aug 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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