Forex Flash: AUD/USD looks like targeting support at 1.0175 - Westpac

FXstreet.com (Barcelona) - AUDUSD continues to trade heavy and looks like targeting support at 1.0175 multi-day, says Sean Callow, currency strategist at Westpac. Much depends on Bernanke's Jackson Hole speech, with many analysts, including Westpac, "predicting a non-committal speech from Bernanke, largely reiterating the 1 Aug commitment to "provide additional accommodation as needed to promote a stronger economic recovery" Mr. Callow said, adding that "it seems prudent for Bernanke not to pre-commit. So disappointment on a bland speech shouldn't be too great, limiting downside on AUDUSD." Looking at US equity markets, close to >4 year highs, "the risks do still seem tilted to some weakness in risk appetite if Bernanke doesn't echo his famous 2010 Jackson Hole speech" Sean concludes.