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Feb 25 - 01:55 AM

AUD/USD - Poised For Test Of 0.8000 As Positive Increase

By Krishna K  —  Feb 24 - 11:58 PM
  • AUD/USD pauses for breath in Asia after rising 0.75% Wed on commodity rally

  • Resumption of reflation trade on dovish comments from Fed's Powell supports

  • Copper at 9-1/2 year highs, Dalian iron ore +3%, nears Feb record, boosts

  • Australia Q4 business investment surprisingly jumps, adds to positive mood

  • 0.7900 and 0.8000 options can have big effect on AUD/USD nL1N2KS0F8

  • Resistance 0.7990-0.8000, clear break opens 0.8136, high in 2018

  • Support 0.7945-50, 0.7930, 0.7895-0.7900; related nL1N2KV032

  • For more click on FXBUZ


YTD FX performance: Click here

Source:
Refinitiv IFR Research/Market Commentary

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