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Aug 17 - 07:55 PM

AUD/USD - Opens Lower As AUD Falls Against All Currencies

By John Noonan  —  Aug 17 - 06:30 PM
  • AUD/USD opens -1.22%, as higher US yields and sinking commodities weighed nL1N2ZT1W4

  • AUD was worst performing currency as slide in iron ore added extra weight nL1N2ZT0FX

  • A slight dovish turn in RBA expectations following Aus WPI also weighed

  • AUD/USD closed below 21-day MA (0.6984) and it is now resistance

  • Support is at the 50% of the 0.6682/0.7136 move at 0.6909

  • A break below 0.6900 targest the 61.8 of the move at 0.6855

  • AUD will likely remain vulnerable as global growth concerns escalate

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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