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Sep 01 - 07:55 PM

AUD/USD - Opens Unchanged As USD Claws Back Early Losses

By John Noonan  —  Sep 01 - 06:10 PM
  • AUD/USD opens unchanged @ 0.7375 after 0.7400 break failed to follow-through

  • USD managed to claw back some ground after US data was better than expected nN9N2BW02RnL1N2FY1NA

  • AUD/USD topped out at 0.7413 with talk of selling between 0.7415/25

  • Support at Tuesday's 0.7360 low as break ends 5 days of higher daily lows

  • AUD/USD trending higher with 5, 10 and 21-day MAs in bullish alignment

  • Aus Q2 GDP out today with market expecting -6.0% Q/Q

  • Unless well outside expectations - GDP unlikely to impact AUD direction

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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