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Feb 12 - 11:00 PM

AUD/USD - Lower On The Day But Well Off The Lows

By John Noonan  —  Feb 12 - 10:05 PM
  • AUD/USD fell from 0.6738 to 0.6708 on coronavirus report nL4N2AD0O9

  • AUD/USD recovering into the afternoon and above 0.6725 - down only 0.16%

  • Uncertainty on how new testing impacting virus stats causing market to pause

  • AUD/USD rally of late has been on belief coronavirus was being contained

  • A change in that view could see the AUD/USD track lower in coming sessions

  • A close below the 10-day MA at 0.6710 would shift pressure to the downside

  • Resistance @ 21-day MA at 0.6768 and break would suggest S/T bottom in place






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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