By John Noonan — May 18 - 06:15 PM
AUD/USD opens 1.05% lower after completing a bearish outside day
Global growth fears intensify after retailer Target's gloomy earnings report nL2N2XA2TU
Investors flock to safe-haven as AUD/JPY falls close to 2.0%
AUD/USD closed below 10-day MA (0.6977 Wednesday) to reinforce down-trend
Initial target is the May 12 trend low at 0.6829
The 10-day MA descends to 0.6961 and is now close resistance
More resistance is at the 21-day MA at 0.7063 with sellers ahead of 0.7000
Aus April jobs data today with the market looking for +30 K and 3.9% unemp
AUD/JPY flows out of Tokyo key after the near 2% fall
For more click on FXBUZ
aud/usd Click here
Source:
Refinitiv IFR Research/Market Commentary