Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 24 - 03:55 PM

AUD/USD - Daily MAs Attract After Bulls Lose Traction

By Christopher Romano  —  Aug 24 - 01:45 PM
  • Pair rallies in Europe's a.m. on upbeat risk, NY opens near 0.7190

  • Safe-haven sales, equity & commodity gains help propel AUD/USD to 0.7203

  • US$ bid emerges though, AUD/JPY sinks near 75.90 & copper gains fade

  • AUD/USD nears 0.7165 and sits just below 10 & 21-DMAs late in NY's afternoon

  • Consolidation of short-term slide suggests drop is likely to deepen

  • 0.7130/40 is support, if breaks 0.7105/10 & 0.7065/75 are targeted

  • Powell's Jackson Hole speech looms 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
© 2020 eFXdata · All Rights Reserved
!