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Thomson Reuters
Oct 02 - 12:12 AM
AUD/USD - Resilient Despite Weak AXJ Equities
First appeared on eFXplus on Oct 01 - 10:35 PM
  • AXJ equity index down close to 1% and USD/AXJ well bid as mood in Asia sours
  • Despite risk-off sentiment in Asia - the AUD/USD is showing resilience
  • AUD/USD traded to 0.7235 earlier and is currently unchanged around 0.7225
  • Market has been short AUD/USD and paring back since US/Canada trade deal
  • Market now waiting for RBA decision and the statement that follows
  • AUD/USD support at 21-day MA @ 0.7204 with resistance at 10-day MA @ 0.7247

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Thomson Reuters IFR Markets


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