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TDUX
Aug 03 - 10:55 PM

AUD/USD - Firms; Australian Household Spending Still Rising

By James Connell  —  Aug 03 - 09:38 PM

(Adds Chart)

• AUD/USD +0.1% Tue, trading subdued in wake of volatile start to week

• AU household spending: Jun +0.8% (prior +1.3%), Q2 +0.7% (prior +0.7%)

• DXY +0.6% from Mon 99.42 low as immediate JPY intervention fears dissipate

• Oil prices retreat despite inconsistent reports of U.S.-Iran peace talks

• AUD fades back below 0.7017 55-DMA, drift toward 0.6920 support looks likely

• Range Asia 0.6997-0.7007 support 0.6920 0.6866, resistance 0.70885 0.7200
AUD Daily 55-DMA


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

Source:
London Stock Exchange Group | Thomson Reuters

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