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Sep 08 - 07:55 PM

AUD/USD - Opens Lower As Global Growth Concerns Linger

By John Noonan  —  Sep 08 - 05:49 PM
  • AUD/USD opens -0.31% as risk assets stall amid concerns over global recovery nL1N2QA1TW

  • It traded as low as 0.7345 before dovish Fed Beige Book weighed on USD late nL1N2QA2J2

  • AUD/USD trend higher in doubt as 5-day moving average tilting lower

  • Support is at 38.2 of 0.7106/0.7477 at 0.7335 and 21-day MA at 0.7309

  • Resistance at yesterday's 0.7403 high and sellers tipped ahead of 0.7425

  • AUD/USD to remain heavy while risk assets wobble on global economy concerns

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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