Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 31 - 01:55 AM

AUD/USD - Edges Higher As Weak USD Offsets Weak China PMI

By John Noonan  —  Aug 30 - 11:57 PM
  • AUD/USD opened -0.19% at 0.7295 and slipped to 0.7288 iun early Asia

  • Stop-loss AUD/NZD selling weighed as cross fell to 16-month low nL1N2Q202F

  • China Mfg and services PMI for Aug were weak, but had little impact on AUD nL4N2Q20B3

  • USD broadly eased and the AUD/USD moved up to 0.7305 into the afternoon

  • Resistance has formed ahead of 0.7320 where sellers are tipped

  • A clear break of 0.7320 could start a move towards 0.7400/10

  • The 55-day MA is at 0.7400 and the 38.2 of 0.7891/0.7106 is at 0.7406

  • Support is at the 10-day MA at 0.7240 and break eases upward pressure

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!