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Sep 05 - 10:55 PM

AUD/USD - Giving Back Ground After Outperforming Friday

By John Noonan  —  Sep 05 - 09:25 PM
  • AUD/USD is under pressure in Asia after move up Friday seemed overdone

  • AUD was best performing currency Friday and second best for the week

  • Support is found at former resistance at 0.7426

  • A break below 0.7420 targets the 55-day MA at 0.7390

  • E-mini futures are down 0.17% and Dalian iron ore is down over 2%

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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