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Sep 10 - 09:55 PM

AUD/USD - Under Pressure From China Concerns, Weak Commodities

By Krishna K  —  Sep 10 - 07:50 PM
  • AUD/USD on the defensive in Asia after closing 0.1% lower on Tuesday

  • Weighed down by concerns over China's economy and weak commodity prices

  • Inability to rally despite hawkish RBA, falling U.S. yields is bearish

  • Strong support at 0.6642-47 , break opens 0.6620 and 0.6586

  • U.S. Presidential debate & RBA Asst. Governor Sarah Hunter speech eyed Wed

  • U.S. inflation data later Wed key, could determine size of Fed Sep rate cut

  • Resistance 0.6680-85, 0.6700-05; Tuesday range 0.66765-0.66415

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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