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Aug 05 - 09:55 PM

AUD/USD - Bid In Early Asia As USD Trading With Heavy Tone

By John Noonan  —  Aug 05 - 08:55 PM
  • The USD broadly bounced during the uS session, but sellers are returning

  • AUD/USD moving higher and is around 0.7210 after closing at 0.7193

  • There is talk of sellers ahead of 0.7250 and it topped at 0.7241 yesterday

  • AUD/USD has resumed short-term trend higher after a small correction

  • The 5-day MA is back above the 10-day MA and tilting higher again

  • Resistance is at the 2019 high at 0.7295

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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