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Aug 25 - 07:55 AM

AUD/USD - Looks Vulnerable To Further Losses

By Richard Pace  —  Aug 25 - 06:10 AM
  • AUD/USD unable to capitalise on upbeat risk, US/China trade relief Tues

  • Closed below 10-21-dma's 0.7180/74, having peaked 0.7203 early Monday

  • AUD/USD trades 0.7182-0.7150 so far Tues, last at 0.7169

  • Daily kin-sen 0.7145 and Fri/Thurs lows 0.7139/37 underpin for now

  • Break would open 12 Aug 0.7109 low and any remaining buyers near 0.7100

  • Volumes allegedly limited - Many likely side lined ahead of Jackson hole


AUD=D3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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