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Aug 24 - 01:55 AM

AUD/USD - Inside Day With A Modest Downside Technical Bias

By Andrew M Spencer  —  Aug 24 - 12:10 AM
  • +0.1% in a 0.7152-0.7178 range - low key start to the week in Asia

  • Effective Aus unemployment to exceed 13% by end of September nL4N2FP055

  • Victoria state reports lowest rise in COVID-19 cases in 7 weeks nL4N2FP0UW

  • If Victorian COVID-19 progress continues, unemployment forecast overstated

  • Techs; 5, 10 & 21 DMAs coil, momentum studies edge lower - neutral setup

  • Last week's topside failure suggests a potential test of the downside

  • Upper 21 day Bolli rejection & 21DMA break targets 0.7113 lower 21 day Bolli

  • 0.7112 lower 21 day Bolli, and 0.7085 38.2% Jun-Aug rise major supports

    For more click on FXBUZ

data aug 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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