AUD/USD eases a little from one-month highs

February 16, 2021

AUD/USD retreated from 0.7805 earlier to 0.7775 in early European trading. The fall occurred simultaneously with some trimming in the risk advance formerly on the US-China report. However, technically, it likewise comes as buyers run into a test of resistance from the tops of the year around the 0.7800-20 area.

The pair still extends the bullish momentum, although buyers are struggling to firmly hold a break above 0.7800 to begin the new year.

On the economic data front, the pair is not expecting any significant data releases today from either the Eurozone or the US.

 

AUD/USD retreated from 0.7805 earlier to 0.7775 in early European trading. The fall occurred simultaneously with some trimming in the risk advance formerly on the US-China report…https://t.co/54BPMj7KAC#forex #forexsignals #forexnews #forexsignalstrading #forexmarket #audusd pic.twitter.com/deDM0LxESR

— 360ForexSignals.com (@petromenea) February 16, 2021