Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
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










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!