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Aug 14 - 07:55 PM

AUD/USD - Quiet Start After A Week Of Strong Gains

By John Noonan  —  Aug 14 - 06:15 PM
  • AUD/USD opens around 0.7120 after rising 0.23% Friday and 3.04% last week

  • Rising equities and commodities underpinning AUD strength across the board nL1N2ZO2GQ

  • AUD/USD poised below the key 200-day MA at 0.7150, which is key resistance

  • More resistance is at the 50% of the April/July move at 0.7171

  • AUD/USD trending higher with the 5, 10 & 21-day MAs in a bullish formation

  • Supports is at the 100-day MA at 0.7080 and former resistance at 0.7045/55

  • AUD will remain supported while investor optimism remains high

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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