Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 25 - 08:36 PM

AUD/USD - Pressure Eased After AUD/JPY Held Support

By John Noonan  —  Feb 25 - 07:25 PM
  • AUD/USD was under pressure during US session when Wall Street cratered nL1N2AP1IK

  • AUD/USD traded to 0.6586 and AUD/JPY threatened key support at 72.30/50

  • The 61.8 of 69.93/76.52 is at 72.45 and daily lows in early Feb at 72.35/45

  • Standing buy orders in the 72.30/50 window held and the AUDJPY low was 72.50

  • The subsequent bounce in AUD/JPY to 72.80 has taken the pressure off AUD/USD

  • AUD/JPY resistance is at 73.50/60 where the 10 & 21-day MAs converge

  • A break above 73.60 would ease downward pressure significantly






audjpy Click here

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
!