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Sep 17 - 10:55 PM

AUD/USD - Gives Back Early Gains As E-Minis Slip Lower

By John Noonan  —  Sep 17 - 09:45 PM
  • E-Mini futures are down close to 0.40% and weighing on risk in Asia

  • AUD/USD back to 0.7310 after trading at 0.7333 earlier

  • Move up in early Asia was on the back of AUD/JPY demand out of Tokyo

  • Correlation between equities and AUD not as strong as it was previously

  • AUD/USD sellers ahead of 0.7350 have resulted in resistance at 0.7345

  • Support is at the 21-day MA at 0.7285 and close below would be bearish

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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