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Feb 16 - 01:55 AM

AUD/USD - Moves Above 0.7800 As Risk Assets Remain Buoyant

By John Noonan  —  Feb 15 - 10:07 PM
  • AUD/USD opened 0.26% higher at 0.7780 and attained a bid tone early Asia

  • AUD/JPY buying supported as Asian equity markets moved higher nL1N2KM01K

  • There was no reaction to RBA Minutes as there wasn't new information nRUAFDEH95

  • AUD in demand as reflation trade gains momentum nL4N2KM092

  • AUD/USD traded up to 0.7805 and was around 0.7800 into the afternoon

  • Resistance is at the Jan 6 trend high at 0.7819

  • A break above 0.7820 puts the psychological 0.8000 in focus

  • Support is found at the 10-day MA at 0.7716 with buyers tipped at 0.7750

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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