Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 30 - 08:55 AM

AUD/USD - REFILE-BUZZ-AUD/USD-Bulls Lack Conviction To Break Out

By Justin Mcqueen  —  Aug 30 - 05:55 AM

Typo in headline

  • Marginal gains for AUD as risk assets continue to underpin

  • However, bulls lack conviction to push to Dec high

  • AUD failed to close above 0.68 following recent break

  • Signals that topside may be somewhat exhausted

  • Though, pullbacks will need data to move in favour of dollar

  • Resistance = 0.6824 (Thurs high), 0.6871 (Dec high)

  • Support = 0.6760-65 (weekly low/200HMA)

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
!