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Sep 08 - 10:55 PM

AUD/USD - Breaks Higher As USD Under Pressure And Risk Assets Bid

By John Noonan  —  Sep 08 - 08:45 PM
  • AUD/USD has jumped over 0.50% in Asia and is above yesterday's 0.6777 high

  • USD offered cross the board and early equity markets are moving higher

  • E-minis are up 0.25% and the Nikkei is up 0.55%

  • AUD/USD resistance is at the 10-day MA at 0.6803

  • A close above the 10-day MA would suggest trend lower is losing momentum

  • Market buying risk as selling USD, as key events are out of the way

  • ECB 75 BP hike and hawkish Powell comments were taken in stride

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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