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Aug 09 - 07:55 PM

AUD/USD - Opens Slightly Lower As Commodity Rally Pauses

By John Noonan  —  Aug 09 - 06:30 PM
  • AUD/USD opens -0.30% as dip in equities and pause in commodities weighed

  • It was a quiet US session as market positions for US CPI release later today

  • AUD gave back some ground against the EUR and JPY after big gains Monday

  • AUD/USD support is at the 21-day MA at 0.6920 and break increases pressure

  • Sellers tipped above 0.7000 with resistance at 0.7045/55

  • It should be a quiet session in Asia with China inflation only data of note

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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