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Sep 21 - 01:55 AM

AUD/USD - Firm In Asia Despite Slight Risk-Off Tone

By John Noonan  —  Sep 20 - 11:40 PM
  • AUD/USD opened 0.30% lower at 0.7290 after easing late in the Friday session

  • After trading at 0.7285 it tracked higher through the Asian morning

  • AUD/JPY buying helped at first before the USD broadly weakened

  • AUD/USD traded to 0.7318 and was just below heading into the afternoon

  • Risk sentiment was negative in Asia with E-Minis and AXJ index down 0.25%

  • AUD/USD continues to be resilient due to strong iron ore and copper prices

  • Support is at 0.7284 where the 10 & 21-day MAs converge

  • Resistance is at 0.7345 where decent selling interest is tipped

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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