Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 26 - 07:55 PM

AUD/USD - Opens Lower As Risk Currencies Underperform

By John Noonan  —  Feb 26 - 06:05 PM
  • AUD/USD opens -0.35% after risk currencies fell against USD and EUR

  • Sluggish equity market, higher US yields and weaker iron ore weighed on AUD nL2N3FB2SFnL2N3FB246nL3N3FB0LU

  • Volumes were light ahead of Aus CPI and RBNZ decision Wednesday

  • AUD/USD managed to hold above support at the 10-day MA (0.6530 Monday)

  • It rises to 0.6539 today and close below would be bearish

  • Resistance is at last week's 0.6595 high where selling is tipped

  • Key in Asia will be moves in equities and Dalian iron ore

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!