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Aug 06 - 10:55 PM

AUD/USD - Slips A Tad From 18-Month High On Cautious RBA

By Krishna K  —  Aug 06 - 10:20 PM
  • AUD/USD down 0.1% as RBA says AU economic recovery slowed by virus 2nd wave;

  • Surging virus toll in Victoria since June has worsened economic outlook- RBA

  • C.bank says AUD now in range that is broadly consistent with fundamentals

  • AUD slips to 0.7217 from 18-month peak of 0.7242 traded earlier Friday

  • Sino-U.S. tensionsnL1N2F9037, U.S. virus aid bill doubts capnL1N2F80Q6

  • China July trade data in Asia & U.S. July NFP in New York the focus Friday

  • Resistance 0.7240-45, 0.7260 200-week MA; support 0.7200-05, 0.7175-80

  • Weekly close above 200-WMA strengthens uptrend; RBA nS9N2EK01B

  • For more click on FXBUZ


AUD/USD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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