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Oct 12 - 08:55 AM

AUD/USD - Yuan Dive Drives Test Of Old Resistance Turned Support

By Christopher Romano  —  Oct 12 - 07:45 AM
  • Risk is upbeat; equitiesESv1, copperHGv1, iron-oreDCIOc2 rally

  • USD/CNH rallies above 6.7550 after PBOC cuts FX RRR to 0% nL4N2H1080

  • AUD/USD opens the week lower, lifts above 0.7230, nears 0.7205 at NY open

  • Pair tests old resistance turned support at 50% Fib 0.7413-0.7006, 55-DMA

  • Additional support sits near 0.7190 then 0.7170, 10-DMA is near the latter

  • Bears need break of 0.7085/95 support if they want greater control

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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