By John Noonan — Feb 23 - 05:51 PM
AUD/USD opens 0.10% lower after trading in a 0.7880/0.7935 range
It traded to a fresh 2-year high in London before falling to 0.7880
Risk off start to US session sent AUD//USD to lows before Powell testimony nL1N2KT31A
Powell eased market concerns and AUD/USD regained the 0.7900 handle
AUD/USD getting support from firm metals - with NY copper closing up 1.75%
AUD/USD trending higher with no resistance ahead of 2018 high @ 0.8136
Support is found at 10-day MA at 0.7811 and break would ease upward pressure
There may be some volatility today in AUD/NZD, as RBNZ meets today nL1N2KP01C
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Source:
Refinitiv IFR Research/Market Commentary