Aud Review

Aud Review


Quotes from RBC Capital Markets:
-AUD: New Home Sales fell 5.6%m/mm in July, eroding the 2.8% gain in June. A break of the 200dma in AUD/USD (1.0306) would leave 1.0200/10 vulnerable.
-Meanwhile USD/JPY has been held down on Cross/JPY sales, trading ~78.50/55. With 77.50/78.00 support so close, we would be wary of increased jawboning from Japanese officials.



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