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Aug 04 - 11:55 PM

AUD/USD - Firms In Asia As Equity Markets Settle

By John Noonan  —  Aug 04 - 11:15 PM
  • AUD/USD opened -0.16% at 0.7381 after USD gained in NY on Clarida comments nL1N2PB1W4

  • Asian equity markets steadied with the AXJ index +0.12% and Eminis +0.16%

  • The steady markets helped underpin the AUD/USD late in the morning

  • Into the afternoon it was at session high 0.7792 after trading 0.7377

  • There was no reaction to Aus trade data which was as expected nAZN0M1400

  • Close support is at the 10-day MA at 0.7374 with bids ahead of 0.7355

  • Resistance is at the 21-day MA and close above would ease downward pressure

  • AUD/USD likely to range trade ahead of the key US payrolls on Friday

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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