By John Noonan — Feb 28 - 05:30 PM
AUD/USD opens -0.16% after mood soured and USD gained on safe-haven nL1N35835T
It traded to 0.6757 in Europe to end 5-day streak of lower daily highs
AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment
Resistance is at the 100-day MA at 0.6795 and 10-day MA at 0.6806
Bids tipped at 0.6695/0.6700 with support at 50% of 0.6170/0.7158 at 0.6664
Aus Q4 GDP and January CPI out today and may shape RBA expectations
Inflation and cosumption component of GDP will be worth noting
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary