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Oct 09 - 10:55 PM

AUD/USD - Bounces Back As E-Minis Recover From Morning Lows

By John Noonan  —  Oct 09 - 09:15 PM
  • AUD/USD bouncing back to 0.6370 after trading down to 0.6342 earlier

  • Move lower took out small stops below 0.6350 to fresh 2022 low

  • E-mini futures down around 0.40% after being down 0.70% earlier

  • Dalian iron ore up 2.0% to add some support for the AUD/USD

  • AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • Only a break above the 10-day MA at 0.6452 would ease downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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