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Feb 08 - 05:55 PM

AUD/USD - Opens Higher As Buoyant Risk Assets Provide Support

By John Noonan  —  Feb 08 - 05:29 PM
  • AUD/USD opens 0.34% higher, after benefiting from investor risk appetite

  • Wall Street closed higher for sixth straight session and copper gained 1.05%

  • AUD/USD closed above the 21-day MA (0.7695) for first time Jan 26

  • Next resistance in the AUD/USD is at the 61.8 of 0.7819/0.7564 at 0.7721

  • AUD/USD will continue to benefit from optimistic global outlook

  • Support is found at the 210day MA at 0.7693 and 10-day MA at 0.7651

  • NAB Business survey is out today

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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