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Feb 20 - 10:55 PM

AUD/USD - Slightly Lower As Lift From Hawkish RBA Minutes Fades

By John Noonan  —  Feb 20 - 10:00 PM
  • AUD/USD opened +0.48% at 0.6911 after China optimism underpinned nL1N35003D

  • After dipping below 0.6900 - it moved higher following hawkish RBA minutes nS9N32B02C

  • It traded to 0.6918 before easing back to 0.6905 into the afternoon

  • Sagging equities helped cap gains while Dalian iron ore rally gave support nL4N3510GP

  • AUD/USD resistance is at the 10-day MA at 0.6921 and 21-day MA at 0.6985

  • Support is at the 200-day MA at 0.6805 with bids eyed ahead of 0.6810

  • China optimism may help keep AUD buoyant in the immediate-term

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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