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Feb 06 - 11:55 PM

AUD/USD - Challenges Weekly High Ahead Of Europe Open

By James Connell  —  Feb 06 - 10:40 PM

• AUD/USD moved higher in late morning Asia reaching a 0.6295 high

• Traders eyeing the 0.6300 resistance

• Stop-loss buying likely to emerge above the 0.6296 Wed high

• The pair is currently up 1.3% for the week despite trade war fears

• U.S. payrolls data later Fri will be key for short-term direction

• Initial support 0.6255, resistance 0.6300 and 0.6330

• AUD Asia range 0.62795-0.6295, pushing at the topside late
AUD eod


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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