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Aug 22 - 10:55 PM

AUD/USD - Racing Higher As Dalian Iron Ore Up Another 5%

By John Noonan  —  Aug 22 - 09:45 PM
  • AUD/USD up 0.40% around 0.6450, as rising iron ore price underpins

  • Dalian iron ore is up another 5% to a fresh 2-year high at 827

  • AUD/USD testing 10-day MA at0.6447 and close above warns a bottom in place

  • More resistance is at the 21-day MA at 0.6534 and break ends the trend lower

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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