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TDUX
Sep 03 - 10:55 PM

AUD/USD - Breaks Technical Resistance, Eyes 50-Month High

By James Connell  —  Sep 03 - 09:34 PM

• AUD/USD +0.2% Fri as broad USD index struggles in wake of Waller comments

Break above 0.7210 resistance puts 0.72825 50-month high within reach

• FFR hike bets cooling after the Fed Governor says leaning towards Sep hold

• Critical U.S. Aug non-farm payrolls due Fri, Reuters poll consensus +56k

• Futures pricing implies 67.5% chance of RBA hike Sep 29, supporting AUD

• Range Asia 0.7199-0.7214 support 0.6920 0.6866, resistance 0.7210 0.7282
AUD Daily 21/100/200-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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