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Feb 22 - 05:55 PM

AUD/USD - Strong Commodities And Weak USD Offset Risk Wobbles

By John Noonan  —  Feb 22 - 05:17 PM
  • AUD/USD is opening 0.61% higher as AUD best performing currency again

  • Rise in key commodities and weak USD offsetting EM plunge and equity wobbles nL1N2KS0VTnL1N2KS0VTnL1N2KS29L

  • AUD has been best performing currency the past three weeks

  • AUD/USD offers layered between 0.7920/0.8000 may tame the rise

  • The next technical resisatnce is at the 2018 high at 0.8136

  • Support is found at former resistance at 0.7815/20

  • The trend is higher, but rising risk of equity correction is a concern

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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