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Aug 09 - 10:55 PM

AUD/USD - Better Bid In Quiet Start To The Week

By John Noonan  —  Aug 09 - 08:55 PM
  • AUD/USD trading above 0.7160 after dipping to 0.7148 earlier in the session

  • Resistance at the 10-day MA at 0.7172 and break eases downward pressure

  • Tone positive after report Mnuchin and Pelosi open to compromise on bill nL1N2FB08H

  • Markets very quiet with S&P futures and AXJ equities close to flat

  • Support @ the 21-day MA @ 0.7107 and break confirms up-trend is exhausted

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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