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Aug 20 - 05:55 PM

AUD/USD - Softens Amid US Treasury Intervention Scepticism

By James Connell  —  Aug 20 - 04:59 PM

• AUD/USD -0.3% from Thur 0.7133 fresh 10-week high as USD support emerges

• U.S. Treasury capacity to cap long-term yields in question, UST yields firm

• Trump threatens countries judged to be assisting Iran, Brent crude +2.0%

• AUD struggling to clear resistance near 0.7130-35, inflection zone forming

• RBA Aug monetary policy meeting minutes released Tue, AU Jul CPI due Wed

• Overnight range 0.7103-33 support 0.6920 0.6866, resistance 0.7135 0.7200
AUD Hourly Bollinger Study & DXY Daily 55-DMA


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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