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Sep 02 - 07:55 PM

AUD/USD - Opens Lower As USD Recovery Continues

By John Noonan  —  Sep 02 - 06:05 PM
  • AUD/USD opens 0.5% lower at 0.7339 as USD gains extended for a second day nL1N2FZ1QH

  • AUD/USD traded as low as 0.7301 before strong Wall Street close underpinned nL1N2FZ22Z

  • AUD/NZD selling flows weighing on AUD/USD- cross down 1% from Tuesday's high

  • Despite fall - AUD/USD still trending higher in the short-term

  • The 5, 10 and 21-day MAs in bullish formation and pointing higher

  • Support at 10-day MA at 0.7280 and break would shift pressure to downside

  • Aus trade data out today, but unlikely going to impact price action

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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