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Aug 26 - 10:55 PM

AUD/USD - Capex Beat Estimate, Touch Firmer, Range Holds

By Andrew M Spencer  —  Aug 26 - 09:40 PM
  • +0.2% - USD a touch softer, after closing up 0.5% with risk & weaker USD

  • CAPEX came in at -5.9%, against RTRS poll at -8.4%, up 7 pips nAZN02RL00

  • Asia mixed, Nikkei -0.3%, AsiaxJP +0.2%, ASX200 +0.5%, E-mini S&P -0.1%

  • Victoria reports lowest COVID-19 case rise in nearly 2 months nL4N2FS4FA

  • Techs; 5, 10 & 21 DMAs base, momentum studies conflict - no major bias

  • Aussie is in upper end of the 0.7109-0.7275 range in place since mid August

  • USD and risk remain the driving factors, major news needed for a range break

  • Sydney 0.7231-0.7251 range initial support-resistance


For more click on FXBUZ


aud aug 27 Click here

Source:
Refinitiv IFR Research/Market Commentary

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