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Jul 29 - 03:48 AM
AUD/USD - Remains Under Pressure In Quiet Asian Trading
First appeared on eFXplus on Jul 28 - 11:45 PM
  • AUD/USD under pressure in Asia due to light AUD/JPY selling
  • Asian stock markets mostly lower with AXJ equity index down 0.50%
  • China growth concerns continue to weigh on the AUD nL4N24R2EM
  • AUD/USD traded to fresh 1-month low at 0.6900 after opening 0.6911
  • Heading into the afternoon it was trading just below 0.6900
  • Support at 76.4 of 0.6823/0.7082 move at 0.6890 and break targets 0.6832
  • Resistance at Friday's 0.6955 high and break eases downward pressure

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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