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AUD/USD rally collapsed overnight with 78 cent levels a bridge too far

Pair opened Thursday at 0.7759 and traded 0.7719-60 range in Asia A dovish turn in RBNZ language affect NZD with AUD lagging behind AUD/NZD major beneficiary up 0.9% on day but major resistance at 1.0220 Soft China flash…

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  • Pair opened Thursday at 0.7759 and traded 0.7719-60 range in Asia

  • A dovish turn in RBNZ language affect NZD with AUD lagging behind

  • AUD/NZD major beneficiary up 0.9% on day but major resistance at 1.0220

  • Soft China flash PMI data (49.2 vs 49.6 fcast) had only a momentary impact

  • AUD/USD down 0.15% on day - strong support around 0.7710 

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560