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Feb 25 - 09:55 PM

AUD/USD - Soft Tone As NZD Slides And Equities Droop

By John Noonan  —  Feb 25 - 08:30 PM
  • AUD/USD off 0.15% around 0.6555 as NZD/USD selling weighs

  • NZD/USD down over 0.50% as market positions for RBNZ on Wednesday nL3N3F6168

  • Asian equity markets soft with AXJ index and E-minis down 0.25%

  • AUD/USD support is at 0.0.6530/40 where the 10 & 21-day MAs converge

  • A daily close below 0.6530 would shift the momentum clearly to downside

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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