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Aug 23 - 07:55 PM

AUD/USD - Soars As Key Beneficiary Of Relief Rally In Risk

By John Noonan  —  Aug 23 - 06:37 PM
  • AUD/USD opens over 1.0% higher as USD fell and risk assets soared nL1N2PU1R8

  • Beaten down commodities bounced and gave the AUD an added boost on crosses nL1N2PU0HPnL1N2PU04P

  • AUD/USD trend lower still intact while the 10-dau MA at 0.7263 holds

  • Closer resistance is at former support at 0.7230

  • Buyers are tipped ahead of 0.7100 where support is forming

  • Upside likely to be tempered by ongoing lockdowns in Sydney and Melbourne

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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