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
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Source:
Refinitiv IFR Research/Market Commentary