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Aug 18 - 07:55 PM

AUD/USD - Opens Higher As Weak USD And Commodities Support

By John Noonan  —  Aug 18 - 06:15 PM
  • AUD/USD opens 0.40% higher at 0.7240 as USD continues to broadly weaken nL1N2FK1LN

  • AUD also underpinned by 2.5% rise in copper and big gains in iron ore nL8N2FK3Z8nL4N2FK176

  • AUD/USD traded to fresh 19 month high at 0.7264 before profit taking capped

  • Resistance at weekly high made in Jan 2019 at 0.7295

  • Bids eyed ahead of 0.7200 with support at 10-day MA at 0.7187

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

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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