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Aug 19 - 07:55 PM

AUD/USD - Pummeled By Sliding Commodities & Growth Concerns

By Krishna K  —  Aug 19 - 06:09 PM
  • AUD/USD opens 1.5% lower on commodities fall & record virus cases in Sydney

  • Global growth worries, Australia lockdown, Fed taper talk weigh on sentiment

  • Fed-RBA rate expectations diverge; AU 10-yr yield 15 bps less than U.S.10-yr

  • Dalian iron ore, copper & oil slide undermine AUD nL1N2PQ0GJnL1N2PQ0IN

  • Weekly close below 200-WMA at 0.7223 bearish; 0.7138, 100-WMA under pressure

  • Major support 0.7053, 38.2% of 2020-2021 rally; resistance 0.7180, 0.7200-10

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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