Free Trial

AUDUSD test key resistance

AUD
  • AUD is once again standing out this morning, after being bid throughout the session yesterday, and we noted further broader base bids going through yesterday afternoon.
  • AUDUSD has now gained 4.44% since the 20th of August. It has been a one way direction since that date
  • The pair test immediate key resistance at 0.7427 High Aug 4, printed 0.7426 high so far.
  • {au} AUD is up against all the majors, leading versus the JPY, given the relentless Risk On.
  • Although small down vs the South Korean Won

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.