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Feb 25 - 11:00 PM

AUD/USD - Holds Support As AUD/JPY Buying Underpins

By John Noonan  —  Feb 25 - 10:00 PM
  • AUD/USD traded down to 0.6588 earlier when mood in Asia was risk-off

  • Move lower also due to very weak Aus construction data nAPN04MI00

  • Support around 0.6585 held for the fourth trading day in a row

  • AUD/JPY buying late morning underpinning AUD/USD into the afternoon

  • AUD/USD unchanged at 0.6600/05 and AUD/JPY up 0.20% at 72.90

  • Resistance @ the 10-day MA at 0.6656 and break would suggest bottom in place

  • AUD/USD has been resilient, but break below 0.6580 would be bearish






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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