AUD,NZD/FXWW News/Open/Wrap

AUD/USD outlook, Friday August 16th.

  • Risk aversion brought on by lower equity markets inspired heavy selling in AUD/JPY and AUD/CHF.
  • Surge in metals should provide good support for AUD.
  • AUD/JPY nearing technical support, as mentioned below.
  • AUD/USD likely to trade in volatile .90/.93 range in coming week as market swings from USD-bearishness to risk-aversion. I’m looking to play as close to edges of this range as possible.
  • Not much on today’s economic calendar apart from Guy Debelle speech. Look to metal and equities for leads.

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