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Thomson Reuters
Aug 29 - 03:48 AM
AUD/USD - Dips After Westpac Raises Mortgage Rates
First appeared on eFXplus on Aug 29 - 01:30 AM
  • AUD/USD little lower after Westpac raises mortgage rates nL3N1VK2DE
  • Low touched so far 0.7326 from above 0.7340 before the hike
  • Indicators mixed as momentum studies head up and s/t MAs track lower
  • Nearby support at 10 DMA at 0.7322, close below suggests further downside
  • Plenty of resistance up to 55 DMA and 38.2 Fibo at 0.7377/84
  • AUD/USD inability to capitalise on risk-on market a worry for bulls

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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