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Thomson Reuters
Oct 24 - 12:12 AM
AUD/USD - Slightly Bid Tone In Quiet Asian Session
First appeared on eFXplus on Oct 23 - 10:40 PM
  • AUD/USD opened 0.7086 after Wall Street recovery from lows underpinned
  • In a quiet Asian session, the AUD/USD could only manage a 0.7080/95 range
  • Option expiries helping to hem in the AUD/USD price action this week
  • AUD/USD traded with a bid tone, as Asian markets were mostly flat
  • Support at 0.7040/50 where daily lows are bunched and buyers are tipped
  • Resistance at 21-day MA at 0.7133 and break shifts pressure to the upside

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