By John Noonan — Feb 04 - 05:17 PM
The AUD/USD opens 0.22% lower at 0.7601 - as broad USD strength weighed
Pair traded as low as 0.7589 before settling around 0.7600
Move lower was cushioned by AUD/JPY buying as AUD firmed in most crosses
AUD/USD in S/T trend lower as the 5, 10 and 21-day MAs in bearish alignment
Support at Tuesday's 0.7564 low and break targets 38.2 fibo at 0.7502
Resistance is at the 10-day MA at 0.7649 and break eases downward pressure
Plenty of Aus events today, but they are unlikely going to move the market
RBA Governor Lowe speaks today while RBA SOMP and retail sales out as well
For more click on FXBUZ
aud/usd Click here
Source:
Refinitiv IFR Research/Market Commentary