Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 27 - 10:55 PM

AUD/USD - Moves Lower In Sympathy With NZD Slide

By John Noonan  —  Feb 27 - 10:10 PM
  • AUD/USD opened unchanged at 0.6540/45 after a relatively quiet US session

  • It dipped to 0.6536 from 0.6545 after softer than expected Aus Jan CPI nL2N3FD020

  • It quickly recovered to 0.6545 before the RBNZ announced rates on hold

  • The less hawkish than expected RBNZ comments sent NZD/USD down 1% nL3N3FD0TV

  • AUD/USD fell in sympathy to traded down to 0.6527 late morning

  • AUD/USD support at 21-day MA at 0.6529 and close below would be bearish

  • Bids are eyed around 0.6500 with break targeting Feb 13 low at 0.6443

  • Resistance is at the 10-day MA at 0.6542 and Feb 22 high at 0.6595

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!