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Aug 26 - 01:55 AM

AUD/USD - Moves Lower As Risk Assets Sag In Asia

By John Noonan  —  Aug 25 - 11:49 PM
  • AUD/USD opened +0.23% at 0.7275 as USD eased when risk assets firmed nL1N2PW2CU

  • After trading at 0.7279, AUD/USD drifted lower as mood in Asia grew cautious

  • AXJ equity index is down 0.60% while Eminis are 0.18% lower

  • AUD/USD traded as low as 0.7256 and is around 0.7260 into the afternoon

  • Market ignored better Aus CAPEX as COVID cases in NSW hit record highnAZN021P00nS9N2OY01T

  • AUD/USD support is at the 10-day MA at 0.7249 with break targeting 0.7200

  • Resistance is @ 21-day MA @ 0.7311 and break would suggest a bottom in place

  • AUD/USD likely to consolidate ahead of key Powell speech on Friday

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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