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Thomson Reuters
Oct 02 - 03:48 AM
AUD/USD - Finally Dragged Down By Risk-Off Moves
First appeared on eFXplus on Oct 02 - 02:05 AM
  • AUD/USD to a low of 0.7195, takes out recent lows and support
  • Falls after RBA as expected and on further Italy-related euro losses
  • Close below 0.7200/03, 50% retracement and 21 DMA would see further falls
  • Next level of support the 61.8 Fibo at 0.7173, then 76.4 Fibo at 0.7139
  • Soft AXJ stocks & currencies also weigh on AUD/USD as signals remain bearish

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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