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Jan 27 - 07:55 PM

AUD/USD - Sold Heavily On Wall Street Jitters, Gloomy Fed

By Krishna K  —  Jan 27 - 05:47 PM
  • AUD/USD opens 1% lower on rising risk aversion as stocks sell off globally

  • Wall Street rattled by retail investor vs hedge fund battle nL8N2K22EA

  • Fed cautious tone on economic recovery adds to risk-off tone nL1N2K21TK

  • London copper down 2.4%, Dalian iron ore weakest in 2 weeks; to weigh on AUD

  • AUD closes below 0.7725, 21-DMA, 1st time since Nov 3; opens 0.7551, 55-DMA

  • Decline nears 0.7624-41 double Fibo support; break opens 0.7600 and 0.7550

  • Resistance 0.7700-05, 0.7720-30 ; sell rallies to 0.7725 with 0.7750 stops

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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