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Sep 09 - 10:55 PM

AUD/USD - Finds Support As Risk Buoyant On Biden/Xi Discussion

By John Noonan  —  Sep 09 - 10:34 PM
  • AUD/USD opened 0.7368 after having an inside trading day

  • It dipped to 0.7360 in early Asia before finding fresh buyers

  • Risk assets were buoyant with AXJ equity index up 0.75% and E-minis +0.15%

  • Move higher coincided with reports Biden and Xi spoke by phone nL8N2QB6GE

  • AUD/USD broke above the 10-day MA and is trading just above 0.7380

  • Resistance is at yesterday's 0.7394 high with sellers tipped around 0.7400

  • Support comes in at the 38.2 of the 0.7106/0.7477 move at 0.7335

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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