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Aug 12 - 07:55 PM

AUD/USD - Bounces With Buoyant Equities And Commodities

By John Noonan  —  Aug 12 - 06:25 PM
  • AUD/USD reversed higher from Asia lows and closed 0.20% higher on the day

  • Strong gains in equities and key commodities underpinned AUD sentiment nL1N2FE26AnL8N2FE3EH

  • AUD/USD closed just below the 10-day MA, which was 0.7166 on Wednesday

  • It isn't trending higher anymore, as the 5-day MA crossed below the 10-day

  • Support at 21-day MA at 0.7133 and yesterday's low at 0.7109

  • Resistance at Tuesday's 0.7189 high with sellers ahead of 0.7200

  • Aus jobs data today, but it won't full capture the Melbourne lockdown

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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