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Aug 22 - 07:55 PM

AUD/USD - Outperforms As Only Currency To Gains Against Raging USD

By John Noonan  —  Aug 22 - 06:20 PM
  • AUD/USD opens slightly higher despite fall in risk and big rise in USD nL1N2ZY1LCnL1N2ZY1HM

  • AUD supported by rise in natural gas, which led to EUR/AUD falling 1.0% nL1N2ZY1I1

  • AUD/JPY rose 0.40% despite the rise in risk aversion, which is unusual

  • AUD/USD support at 61.8 of 0.6682/0.7136 proving to be stubborn

  • A break below 0.6850 opens the way for a test of year's 0.6682 low

  • Sellers tipped above 0.6900 with resistance at the 21-day MA at 0.6975

  • AUD/USD resilience may not last while risk assets remain under pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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