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Sep 09 - 07:55 PM

AUD/USD - Opens Higher After Strong Bounce In Risk Assets

By John Noonan  —  Sep 09 - 06:25 PM
  • AUD/USD opens 0.96% higher after strong recovery in risk assets nL1N2G624V

  • AUD, NZD and CAD bets performing major currencies on risk rebound

  • AUD/USD closed above the 21-day MA (0.7248) to ease downward pressure

  • Next resistance at 10-day MA at 0.7306 and close above would be bullish

  • Moves in Asian equiities and S&P futures to dictate direction in Asia

  • Consolidation likely ahead of ECB meeting later today

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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