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Aug 18 - 01:55 AM

AUD/USD - Gives Back Early Gains But Still In Demand

By John Noonan  —  Aug 17 - 11:40 PM
  • AUD/USD opened +0.63% at 0.7215 after USD weakened and commodities soared

  • USD remained under pressure in Asia and AUD/USD traded up to 0.7230 nL4N2FK062

  • Sellers ahead of resistance at 0.72340/45 capped and it drifted lower

  • Heading into the afternoon it was unchanged around 0.7215

  • RBA Minutes had little impact in the AUD/USD as there wasn't any surprises nL4N2FK0IF

  • AUD/USD trending higher with 5, 10 and 21-day MAs back in bullish alignment

  • Sentimet bullish as strong commodity prices and weak USD support nL4N2FK0BD

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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