Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 24 - 07:55 PM

AUD/USD - Failure To Regain 0.7200 Signals Deeper Correction

By Krishna K  —  Aug 24 - 06:15 PM
  • AUD/USD opens unchanged despite buoyant risk mood as upside momentum wanes

  • Caution prevails as recovery attempts fail repeatedly above 0.7200

  • Perception grows that plenty of bad news built into current USD weakness

  • Bulls reluctant to extend positions ahead of Powell speech ThursnL1N2FM1N1

  • Dovish expectations largely built, increases risk of disappointment

  • Support 0.7130-35, 0.7105-10; resistance 0.7205-10, 0.7225-30

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!