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Aug 05 - 07:55 PM

AUD/USD - Opens Higher But Well Off The Daily High

By John Noonan  —  Aug 05 - 06:25 PM
  • AUD/USD soared to a fresh 18-month high at 0.7241 before reversing lower

  • It still managed to gain 0.47% for the day - closing at 0.7193

  • Talk of large selling ahead of 0.7250 encouraged profit taking

  • USD selling abated in the US afternoon and USD/CNH climbed off the lows

  • Support at the 10-day MA at 0.7161 and break eases upward pressure

  • Resistance is at the 2019 high at 0.7295

  • For more click on FXBUZ










aud/usd Click here

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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