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Aug 16 - 07:55 PM

AUD/USD - Opens Lower As AUD Hit By China And COVID Concerns

By John Noonan  —  Aug 16 - 06:26 PM
  • AUD was worst performing currency Monday - with AUD/USD -0.54%

  • Weaker than expected China data resulted in commodity weakness nL1N2PN0JC

  • Lockdowns in Australia also weighing on AUD sentiment nL1N2PN0JC

  • Support at 0.7315/20 where three daily bottoms formed since July 28

  • More support at the July 21 trend low at 0.7289

  • Resistance is at 10-day MA at 0.7358 and 21-day MA at 0.7363

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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