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Feb 04 - 05:55 PM

AUD/USD - Opens Lower Ahead Of A Busy Event Day In Australia

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

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