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Sep 24 - 08:36 PM
AUD/USD - Opens Higher After Less Dovish Lowe And USD Weakess
First appeared on eFXplus on Sep 24 - 06:15 PM
  • AUD/USD opens +0.38% after RBA Governor Lowe was less dovish than expected

  • Lowe didn't clearly signal there will be a cut when the meet Tuesday nL3N26F2VS

  • AUD/USD also underpinned by broad USD weakness on US political uncertainty nL2N26F0ID

  • Limiting gains in the AUD/USD was ongoing US-China trade war concerns nL2N26F0WB

  • Resistance at 21-day MA at 0.6807 and 10-day MA at 0.6823

  • Support forming at 0.6760/70 where decent buying is tipped







eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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