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
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Source:
Refinitiv IFR Research/Market Commentary