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Aug 24 - 07:55 PM

AUD/USD - Opens Higher As It Rides Wave Of Commodity Recovery

By John Noonan  —  Aug 24 - 06:32 PM
  • AUD/USD opens 0.64% higher as key commodities and EM assets soar nL1N2PV0FRnL1N2PV07XnL1N2PV1NC

  • AUD/USD trading around 10-day MA at 0.7255 with yesterday's high at 0.7271

  • Resistance is at the 21-day MA at 0.7314 with sellers ahead of 0.7300

  • Bids eyed at 0.7230/40, which is a pivot point for the pair

  • Key going forward will be sustainability of relief rally in commodities

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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