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Oct 26 - 11:55 PM

AUD/USD - Edges Lower As USD Finds Some Buyers In Asia

By John Noonan  —  Oct 26 - 11:15 PM
  • AUD/USD opened +1.58% at 0.6495 after USD selling accelerated when US yields eased nL1N31R1R9

  • After trading at 0.6502 the AUD/USD edged lower as US yields slightly firmed

  • A bounce in the USD/CNH from a 2-week low also weighed on the AUD/USD nL1N31S046

  • It traded down to 0.6477 before settling around 0.6490/95 into the afternoon

  • Resistance is at the 38.2 of the 0.7136/0.6170 move at 0.6539

  • Support is at the 21-day MA at 0.6371 and break would ease upward pressure

  • AUD/USD showing signs of bottoming and a break above 0.6540 would confirm

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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