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TDUX
Aug 28 - 01:55 AM

AUD/USD - Breaches Resistance, Sets Sail For 50-Month High

By James Connell  —  Aug 27 - 10:54 PM

• AUD/USD breaks above key 0.7200 technical resistance in Asia, +0.45% wtd

• Firming RBA hike bets pushes pair towards 0.72825 last traded Jun 3, 2022

• Futures pricing now implies 53.7% probability of RBA 25 bps hike in Sep

• Fed Chair Warsh speech at Jackson Hole Fri looms as pivotal event Fri

• Fed officials Schmid, Goolsbee, & Hammack state concern on U.S. inflation

• Range Asia 0.71855-0.7204 support 0.6920 0.6866, resistance 0.7200 0.7277-82
AUD Weekly 52-WMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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