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Oct 13 - 01:55 PM

AUD/USD - Eyes 2023 Low Amid China Econ Angst, Mounting Geopolitical Tension

By Paul Spirgel  —  Oct 13 - 11:50 AM
  • AUD$ opened NorAm 0.6910, dipped to 0.6290 low in early NorAm

  • Bears target Oct 3 2023 low at 0.6286 after soft China data

  • Israel-Hamas conflict stokes risk-off surge adds to bearish outlook

  • Oil higher on Mideast strife, offers no solace for AUD bulls, copper soft

  • Close below 2023 low 0.6286 targets Oct 21 2022 low 0.6208, 2022 low 0.6170

  • Res at Friday high 0.6335, 10-DMA 0.6365, 0.6412 23.6% Fib of 0.6821-0.6286

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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