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Oct 15 - 11:55 PM

AUD/USD - Retains Heavy Tone In Quiet Asian Session

By John Noonan  —  Oct 15 - 11:00 PM
  • AUD/USD opened 0.96% down @ 0.7094 after bouncing when Wall Street recovered

  • After trading at 0.7099 it fell when Tokyo arrived and sold AUD/JPY

  • AUD/USD eased to 0.7075 before settling around 0.7075/80 into the afternoon

  • Sentiment remains bearish as market fully pricing in a RBA easing in Nov

  • Calm equity markets helped AUD/USD settle, as E-minis rose 0.30%

  • AUD/USD support a Thursday 0.7058 low and Sept 25 trend low at 0.7006

  • Resistance at 100-day MA at 0.7097 and 21-day MA at 0.7146

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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