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Feb 11 - 12:12 AM

AUD/USD - Bid In Asia Again As Equity Markets Underpin

By John Noonan  —  Feb 10 - 10:15 PM
  • AUD/USD opened 0.6687 and after trading at 0.6681 it tracked higher

  • Asian equity markets moved higher following Wall Street lead

  • AXJ equity index up 0.92% and helped AUD/USD cruise above 0.6700

  • Heading into the afternoon it was at a session high at 0.6709

  • Resistance at the 10-day MA @ 0.6713 and close above eases downward pressure

  • Equity market resilience starting to test the patience of AUD/USD shorts

  • Buyers tipped ahead of 0.6650, but a 0.6650 break would be bearish






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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