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Aug 12 - 01:55 AM

AUD/USD - Vulnerable As Short-Term Trend Higher Expires

By John Noonan  —  Aug 11 - 11:50 PM
  • AUD/USD opened unchanged @ 0.7147 despite higher US yields and gold collapse

  • After trading at 0.7151 it started to track lower when gold fell below 1,900

  • More pressure came on the pair when NZD/USD fell in response to RBNZ nW9N2DG001

  • AUD/USD fell as low as 0.7111 before settling around 0.7120/25

  • AUD/USD short-term trend higher is over based on the moving averages

  • The 5-day crossed below the 10-day MA & price fell below 21-day MA @ 0.7123

  • Support is at the Aug 3 low at 0.7077 and resistance at 10-day MA at 0.7162

  • For more click on FXBUZ













aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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