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Aug 10 - 07:55 PM

AUD/USD - Rise In Metals Help To Offset Stronger USD

By John Noonan  —  Aug 10 - 06:15 PM
  • AUD/USD opens 0.11% lower after giving back early gains in US afternoon

  • It traded as high as 0.7184 - as a 2.4% rise in NY copper underpinned

  • Broad USD strength and late selling of gold weighed on AUD/USD into close

  • AUD/USD trend higher showing signs of exhaustion, as 5-day MA tilting lower

  • The close below the 10-day MA (0.7170) for second day in a row also warns

  • Key support is @ the 21-day MA @ 0.7117 and break portends bigger correction

  • NAB Buisness survey is out today along with ABS weekly jobs data

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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