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Aug 04 - 01:55 AM

AUD/USD - Maintains Firm Tone In Quiet Asian Session

By John Noonan  —  Aug 03 - 11:45 PM
  • AUD/USD opened +0.46% at 0.6952 after outperforming due to equity gains nL4N2ZF3DI

  • It dipped to 0.6936 early Asia on USD demand out of Tokyo

  • Buyers stepped in and better than expected Aus trade helped to underpin nAZN0EKE4C

  • AUD/USD traded to 0.6963 before settling around 0.6955 into the afternoon

  • Resistance is @ 10-day MA at 0.6965 and break would increase upward momentum

  • Sellers are tipped ahead of 0.7000 with key resistance around 0.7055

  • The 38.2 of the 0.7661/0.6682 move is at 0.7156 and break would be bullish

  • Support @ 21-day MA at 0.6889 and close below would renew downward pressure

  • Moves in US yields and equity markets likely to influence sentiment

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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