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Aug 22 - 05:55 PM

AUD/USD - Opens Lower As COVID Numbers Rise And Lockdowns Increase

By John Noonan  —  Aug 22 - 05:34 PM
  • AUD/USD fell to 0.7120 early Asia after closing the US session Friday 0.7138

  • Early selling of AUD and NZD due to rising COVID cases over the weekendnL1N2PR025

  • Friday's bounce from 0.7106 low seen as a selling opportunity by some

  • The objective of AUD/USD trend lower is 38.2 of 0.5510/0.8007 move at 0.7053

  • Resistance is at Friday's 0.7156 high and break would ease pressure

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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