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Feb 27 - 11:55 PM

AUD/USD - Bid In Asia As Buoyant Equity Markets Underpin

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

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