By John Noonan — Feb 27 - 10:05 PM
AUD/USD opened +0.19% at 0.6739 after USD broadly eased on Monday nL1N3571ZR
It struck a bid tone early on bargain hunting and equity markets settled
It traded to 0.6750 after better than expected Aus retail sales and current account nL1N35801Z
Heading into the afternoon it is trading around 0.6745
AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment
Resistance is at 10-day MA at 0.6824 and break would ease downward pressure
Support is at the 50% of the 0.6170/0.7158 move at 0.6664
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary