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Aug 31 - 01:55 AM

AUD/USD - Drifts Higher As Asia Mood Brightens After China PMI

By John Noonan  —  Aug 30 - 11:40 PM
  • AUD/USD opened -0.75% at 0.6854 as weak commodities and equities weighed nL1N3062FDnL1N30509Z

  • AUD worst performing currency after reversing early strength in US session

  • AUD/USD moved higher early Asia when E-minis opened 0.20% higher

  • China Mfg PMI provided an added lift as it was better than expected nAZN0HPIHW

  • AUD/USD traded up to 0.6877 and was near session high into the afternoon

  • Support is at the Monday low at 0.6841 and stops are below 0.6825

  • Resistance is at the 21-day MA, which comes in at 0.6955

  • AUD/USD rallies likely to be limited due to global growth concerns

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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