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Thomson Reuters
Aug 09 - 12:12 AM
AUD/USD - Easing And NZD Slide Starting To Weigh
First appeared on eFXplus on Aug 08 - 09:45 PM
  • NZD/USD and NZD/JPY extending with the NZD/JPY down 1.4% so far today
  • AUD/USD retreating from the 0.7439 high earlier, as NZD weakness weighs
  • Key resistance at 0.7450 (55-day MA) also deterring fresh buying
  • Move lower in AUD/USD cushioned by 1% rise in AUD/NZD since dovish RBNZ
  • AUD/USD support around 0.7405 where 5 & 10-day MAs converge

aud/usd Click here

Source:
Thomson Reuters IFR Markets

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