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Oct 19 - 07:55 PM

AUD/USD - Opens Lower With Risk, But Key Support Held

By Content Admin  —  Oct 19 - 06:10 PM
  • Steady early after closing off 0.15% with risk appetite, as Wall Street fell

  • There is no tier 1 Australian data, scheduled RBA speeches or releases

  • AUD will likely be driven by the USD and risk appetite intraday in Asia

  • Charts; 10 and 21-day moving averages head lower with 21-day Bollinger bands

  • Daily momentum studies are also edge south, which is a bearish setup

  • The AUD failed close to the 0.6283 October low for the fourth time

  • 0.6272 November 2022 base is next support then the 0.6212 21st Oct 2022 low

  • A close above the 0.6445 October low would end the downside bias

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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