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Aug 11 - 07:55 PM

AUD/USD - Opens Unchanged As Trend Higher Has Run Its Course

By John Noonan  —  Aug 11 - 06:15 PM
  • AUD/USD opens unchanged 0.7140/45 despite 5% fall in gold, soaring US yields nL1N2FD1WCnL4N2FD3IT

  • Short-term trend higher exhausted as 5 and 10-day MAs now tilting lower

  • Support is at the 21-day MA at 0.7124 and break would signal more weakness

  • Resistance @ the 10-day MA @ 0.7165 and close above eases downward pressure

  • RBNZ meeting today could impact AUD/NZD flows nL4N2F861I

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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