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Feb 22 - 11:55 PM

AUD/USD - Retaims Firm Tone Through Asian Morning

By John Noonan  —  Feb 22 - 09:55 PM
  • AUD/USD opened 0.58% higher at 0.7969 on USD weakness on commodity strength nL1N2KT01NnL1N2KS0VT

  • After trading at 0.7912 the AUD/USD tracked higher to a high of 0.7934

  • Buoyant Asian markets and currencies helped yo underpin the AUD/USD

  • Sellers emerged ahead of 0.7935 and it settled at 0.7920 into the afternoon

  • AUD/USD trending towards 0.8000, but risks are rising nL4N2KT05Q

  • There sisn't resistance of note until the 2018 high at 0.8136

  • Support is found at former resistance at 0.7815/20

  • Key today will be testimony from Fed Chair Powell

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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