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Aug 05 - 08:55 PM

AUD/USD - RBA Governor Lowe Speech Had An Upbeat Tone, AUD Steady

By Andrew M Spencer  —  Aug 05 - 08:00 PM

  • Opened up 0.3% with improved risk appetite as stock, commodities firmed

  • RBA Governor Lowe's speech was a preview of the SOMP at 11.30AEST

  • No major surprises, but remains upbeat on the economy despite lockdowns

  • AUD remained steady during and after the speech nS9N2NZ00V

  • Charts; 5, 10 & 21 DMAs conflict, momentum studies edge higher

  • Positive 0.7395 21 DMA break, 0.7306-0.7484 21 day Bolli bands define range

  • NY 0.7393-0.7415 range is initial support and resistance

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aud aug 6 Click here

Source:
Refinitiv IFR Research/Market Commentary

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