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Sep 22 - 07:55 PM

AUD/USD - Opens Slightly Higher After Volatile Trading Day

By John Noonan  —  Sep 22 - 06:50 PM
  • AUD/USD opens +0.12% after getting whipsawed by hawkish Fed and intervening MOF/BOJ nL1N30T18H

  • AUD/USD rally from low capped at former support at 0.6670/80

  • Market sceptical BOJ intervention can reverse strong USD trend

  • AUD/USD still vulnerable as risk assets fragile and growth fears persist nL1N30T2PE

  • AUD/USD trending lower with the 5, 10 &21-day MAs in a bearish alignment

  • only a break above the 10-day MA at 0.6712 would suggest bottom forming

  • Support formed at yesterday's 0.6574 low and 61.8 of pandemic move at 0.6463

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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