By John Noonan — Feb 22 - 09:55 PM
AUD/USD opened 0.58% higher at 0.7969 on USD weakness on commodity strength nL1N2KT01NnL1N2KS0VT
After trading at 0.7912 the AUD/USD tracked higher to a high of 0.7934
Buoyant Asian markets and currencies helped yo underpin the AUD/USD
Sellers emerged ahead of 0.7935 and it settled at 0.7920 into the afternoon
AUD/USD trending towards 0.8000, but risks are rising nL4N2KT05Q
There sisn't resistance of note until the 2018 high at 0.8136
Support is found at former resistance at 0.7815/20
Key today will be testimony from Fed Chair Powell
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Source:
Refinitiv IFR Research/Market Commentary