Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 26 - 01:55 AM

AUD/USD - Attains Heavy Tone In Choppy Asian Session

By John Noonan  —  May 25 - 11:40 PM
  • AUD/USD opened -0.27% at 0.7087 and moved higher in early trading

  • It topped at 0.7110 and dipped to 0.7095 when Aus Q1 CAPEX was released

  • The headline number missed expectations and AUD/USD slipped to 0.7075

  • The full report was upbeat, but soft Asian equities weighed on AUD nL2N2XI03R

  • AUD/USD found support at 0.7075 and settled above 0.7085 into the afternoon

  • Support is at 0.7039 where the 10 & 21-day MAs converge

  • A close below 0.7030 would increase downward pressure and target 0.6829

  • Resistance is at the 38.2 of the 0.7661/0.6829 move at 0.7146

  • A break above 0.7150 would likely see AUD/USD trend higher

  • For more click on FXBUZ










aud/usd Click here

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
!