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Aug 04 - 07:55 PM

AUD/USD - Opens Lower After USD Reverses Higher On Hawkish Fed Speak

By John Noonan  —  Aug 04 - 06:29 PM
  • AUD/USD opens -0.16% after retreating from 3-week high at 0.7426

  • Strong ISM services and upbeat comments from Fed's Clarida sent USD higher nL1N2PB1W4nL1N2PB280

  • AUD/USD reversal lower meant it failed to close above the 21-day MA

  • The 21-day MA descends to 0.7395 today and is close resistance

  • Close support is at the 10-day MA at 0.7373 with buyers ahead of 0.7355

  • Aus trade data today, but is unlikely going to be a market mover

  • AUD/USD may consolidate ahead of US payroll dataon Friday

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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