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Aug 20 - 10:55 PM

AUD/USD - Firmer, With Risk Buoyant - 0.7275 Back In Play

By Andrew M Spencer  —  Aug 20 - 09:20 PM
  • Up 0.2%, with the softer USD, as Asian stock follow Wall Street higher

  • E-mini S&P +0.3%, Nikkei +0.8%, AsiaXJP +0.5% and ASX 200 +0.4%

  • Victoria reports lowest rise in COVID-19 cases in five weeks nS9N2EO01J

  • Techs; strong close Thursday negated Wednesday's bearish outside day

  • Momentum studies conflict, 5, 10 & 21 daily and weekly MAs head higher

  • Positive setup initially targets another test of this week's 0.7275 high

  • 200 week MA comes in at 0.7254 - close above would be first since April 2018

  • Asian 0.7192 low and 0.7222 61.8% of this week's fall support-resistance

    For more click on FXBUZ

aud aug 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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