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Feb 24 - 11:55 PM

AUD/USD - Gives Back Early Gain, Sellers Ahead Of 0.8000

By John Noonan  —  Feb 24 - 10:00 PM
  • AUD/USD opened 0.75% higher at 0.7068 after rallying in NY afternoon

  • Dovish comments from Fed chair Powell lifted risk assets and capped USD nL1N2KU3PAnL4N2KU6CA

  • AUD/USD extended rally in early Asia - trading to 0.7978 at one stage

  • Talk of sellers ahead of 0.8000 discouraged attempts higher

  • Heading into the afternoon it was trading around 0.7955/60

  • There wasn't any reaction to better than expected Q4 Aus CAPEX nL1N2KV032

  • AUD/USD trending higher in short-term with support down @ 10-day MA @ 0.7843

  • Psychological resistance at 0.8000 with option related sellers in front

  • Technical resistance is at the 2018 trend high at 0.8136

  • For more click on FXBUZ









aud/usd Click here

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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