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Aug 17 - 01:55 AM

AUD/USD - Move Higher Capped By Sellers Around 0.7200

By John Noonan  —  Aug 16 - 11:40 PM
  • AUD/USD opened 0.7166 and tracked higher as soon as Tokyo arrived

  • There appeared to be AUD buying against JPY, NZD and gold at various stages

  • The AUD/USD traded up to 0.7196 before sellers around 0.7200 capped

  • USD was broadly offered in Asia, as US political uncertainty weighs

  • AUD/USD resistance at 0.7240/45 where a series of daily highs cluster

  • Support is at the 21-day MA at 0.7151 and close below eases upward pressure

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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