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Sep 07 - 01:55 AM

AUD/USD - Trades In Narrow Range In Quiet Asian Session

By John Noonan  —  Sep 06 - 11:35 PM
  • AUD/USD opened 0.7280/85 and traded to 0.7275 first up

  • GBP/USD selling on negative Brexit news weighed on risk early nL8N2G30K3

  • AUD/USD moved higher when equity markets recovered from early weakness

  • It traded to Friday's high and 10-day MA at 0.7298 before sellers capped

  • Heading into the afternoon AUD/USD was unchanged at 0.7280/85

  • Support is at the 21-day MA at 0.7233 and close below would be bearish

  • No reaction to China trade data, as exports beat and imports missed nB9N2F8015

  • US holiday today should keep AUD/USD in range unless there is news

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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