Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 30 - 07:55 PM

AUD/USD - Opens Unchanged After Failure To Hold Above 0.6500

By John Noonan  —  Aug 30 - 06:15 PM
  • AUD/USD opens around 0.6475 for second day in a row after topping at 0.6522

  • The 0.6522 high was hit when US yields slid following softer US data nL1N3AB1CZ

  • US yields recovered later in the US session to finish the day flat nL1N3AB1TW

  • Recovery in US yields coincided with AUD/USD falling to 0.6475 from 0.6522

  • AUD/USD failed to close above 21-day MA (0.6476 Wed) and is 0.6473 today

  • Resistance is at 38.2 of 0.6895/0.6365 at 0.6567 with sellers at 0.6525/30

  • Support is at the 10-day MA at 0.6440 and break eases upward pressure

  • Aus Q2 CAPEX out today - but key event will be China Aug PMI

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!