Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 02 - 07:55 PM

AUD/USD - Opens Higher On Weak USD And Surging Commodities

By John Noonan  —  Mar 02 - 05:46 PM
  • AUD/USD opens 0.62% higher after outperforming in broad USD fall

  • Calming bond yields supported risk currencies and weighed on USD

  • AUD best performing currency Tuesday - as key commodities broke higher

  • Copper rose over 2.5% and completed a bullish outside day nL2N2L00W5

  • AUD/USD traded as high as 0.7837 before closing just above 0.7820

  • Resistance is at the 10-day MA at 0.7842 and 50% of 0.8007/0.7692 at 0.7850

  • Support comes in at the 21-day MA at 0.7775 and the 55-day MA at 0.7714

  • Aus Q4 GDP is out today and the market is expecting +2.5% Q/Q

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!