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TDUX
Sep 29 - 03:55 AM
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AUD/USD - Goes Down, Under 0.7000 Despite Hawkish RBA Signal

By Ewen Chew  —  Sep 29 - 01:49 AM

• AUD/USD flops under 0.7000, touching 0.6984, despite hawkish RBA

• Break of psych barrier cues stoploss orders, momentum-selling

• Further downside exposed; July low of 0.6922 could be tested

• Near that level, some fast-money profit-taking bids could gather

• RBA's Bullock says may hike again if needed

• C.bank raised cash rate by 25 bps as widely expected
AUD


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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