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Sep 14 - 07:55 PM

AUD/USD - Opens Slightly Higher As Risk Assets Rally

By John Noonan  —  Sep 14 - 06:20 PM
  • AUD/USD opens 0.11% at 0.7289 higher after most risk assets moved higher

  • Wall Street and NY copper closed over 1.0% higher and EEM ETF rose 1.66%

  • Optimism over coronavirus vaccine development boosted sentiment nL1N2GB1WF

  • Sellers just above 0.7300 capping AUD/USD rallies for now

  • Resistance at Sept 10 high at 0.7325 with break targeting 0.7413 trend high

  • Support at the 21-day MA at 0.7263 and break eases upward pressure

  • RBA Minutes today and market will look for hints that more easing possible

  • China retail sales and IP could also impact AUD/USD direction today

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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