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Nov 12 - 09:55 PM

AUD/USD - Under Pressure As E-Minis Slip Lower

By John Noonan  —  Nov 12 - 09:30 PM
  • Mood in Asia modestly risk-off as E-minis down 030% and AXJ index down 0.25%

  • AUD/USD eased 0.7221 after opening 0.7231 and trading up to 0.7243 earlier

  • Investors wary of rising cases of conroanvirus and forced shutdowns nL1N2HY3PD

  • Heading into the afternoon the AUD/USD is around the session low at 0.7222

  • Support is found at the 38.2 of the 0.6990/0.7340 move at 0.7206

  • A break below 0.7200 would suggest a short-term top is in place

  • Resistance at yesterday's 0.7294 high with sellers ahead of 0.7300

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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