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Feb 28 - 10:55 PM

AUD/USD - Rebounds In Asia As Risk Assets Recover

By John Noonan  —  Feb 28 - 09:55 PM
  • AUD/USD opened at 0.7712 after falling over 2.0% on Friday

  • The weak Friday close resulting in a bearosh outside week for AUD/USD

  • After trading at 0.7703, the AUD/USD started to track equities higher

  • E-minis and AXJ equity index gained nearly 1% while the Nikkei added 2.2%

  • AUD/USD tracked higher all morning and traded as high as 0.7773

  • Heading into the afternoon it was around 0.7760 and up 0.69%

  • Resistance comes in at the 10-day MA at 0.7836 and break relieves pressure

  • Support is at the 55-day MA at 0.7705

  • Key today will be moves in the US Treasury market after volatile week

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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