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Aug 26 - 11:55 PM

AUD/USD - Steadies Above 0.7230 After Early Weakness

By John Noonan  —  Aug 26 - 09:40 PM
  • AUD/USD traded to 0.7222 early Asia before buyers returned

  • It is steady back above 0.7230 after no reaction to Aus retail sales nAZN0N1Q00

  • The move down to 0.7222 was likely due to stops below yesterday's 0.7235 low

  • Asian equity markets are slightly lower following weak Wall Street lead

  • AUD/USD support is at Monday's 0.7200 low with buyers tipped just ahead

  • Range trading is likely ahead of Powell's speech later today nL1N2PY02P

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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