Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 29 - 01:55 AM

AUD/USD - Hits A 5-Week Low As Risk Pressured And USD Firms

By John Noonan  —  Aug 28 - 11:35 PM
  • AUD/USD opened -1.29% at 0.6991 after hawkish Powell sent USD soaring nL1N30503T

  • It completed bearish outside day Friday and remained pressured in Asia

  • E-minis opened 1% lower and AUD/USD came under heavy pressure nL4N30503U

  • Stops below 0.6855 were triggered to 0.6848 before bouncing

  • Market ignored much better than expected Aus retail sales for July nAZN0H9X7C

  • Heading into the afternoon the AUD/USD is trading around 0.6860

  • A sustained break of 0.6850 opens the way for a test of year's low at 0.6682 nL4N30504H

  • Resistance @ former support @ 10-day MA (0.6919) & break would ease pressure

  • 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
© 2022 eFXdata · All Rights Reserved
!