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Oct 21 - 01:55 AM

AUD/USD - Recovers From Early Dip In Quiet Asian Session

By John Noonan  —  Oct 20 - 11:35 PM
  • AUD/USD opened +0.21% at 0.6283 after retreating from 0.6356 when US yields rose nL1N31L1L8

  • It came under pressure early Asian when E-minis opened -0.40% and Asian markets fell nL4N31M0LO

  • AUD/USD traded down to 0.6261 before markets settled and AUD/USD based

  • Heading into the afternoon it is back to trading around 0.6280

  • Resistance is @ 21-day MA @ 0.6376 and break would suggest bottom in place

  • Bids are eyed ahead of 0.6200 with support at 2022 low at 0.6170

  • AUD/USD remains vulnerable while the 21-day MA contains rallies

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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