AUD/USD outpaces its peers despite lacklustre trade data...
AUD/USD resides just above 0.7600 after finding mild support at its 50 DMA (0.7614), with clean air seen on either side aside from the psychological figures. The Loonie has dipped probes 1.2800 but the Dollar headwinds have been diminished as crude prices remain elevated. The Kiwi straddles around 0.7200 as the AUD/NZD cross hovers around 1.0600. Technicians will be eyeing the a couple of downside DMAs in the NZD/USD including the 21 DMA (0.7185) and the 50 DMA (0.7140).
The non-US Dollars portray varying degrees of resilience vs the Dollar amid possible impetus/cushioning stemming from the commodities complex. AUD/USD outpaces its peers despite lacklustre trade data overnight, with some also citing a retracement of the RBA-induced downside earlier in the week, although firmer copper and iron ore prices could be underpinning the currency
The non-US Dollars portray varying degrees of resilience vs the Dollar amid possible impetus/cushioning stemming from the commodities complex. AUD/USD outpaces its peers despite lacklustre trade data overnight, with some also citing a retracement of the RBA-induced downside earlier in the week, although firmer copper and iron ore prices could be underpinning the currency