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Aug 06 - 01:55 AM

AUD/USD - Pivots Around 0.7200 In Quiet Asian Session

By John Noonan  —  Aug 06 - 12:00 AM
  • AUD/USD opened 0.47% higher at 0.7193 after topping out at 0.7241

  • It was bid in early Asia as USD broadly eased and it traded to 0.7212

  • Price reversed lower around the time the Aus government commented on growth

  • PM Morrison said impact of Victoria Lockdown would push up unemployment nL4N2F80OY

  • AUD/USD traded to 0.7185 before finding buyers of AUD/USD and AUD/NZD

  • Heading into the afternoon the AUD/USD was trading around 0.7200

  • Support is at the 10-day MA at 0.7161 and break would warn of correction

  • Resistance is at the 2019 high at 0.7295 with sellers tipped ahead of 0.7250

  • For more click on FXBUZ









aud/usd Click here

aud/usd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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