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Sep 29 - 07:55 PM

AUD/USD - Opens Higher On Quarter-End USD Selling

By John Noonan  —  Sep 29 - 06:00 PM
  • AUD/USD opens 0.88% higher at 0.7133 as USD eased heading into quarter-end nL1N2GQ18B

  • AUD outperformed despite losses on Wall Street ahead of Trump-Biden debate

  • AUD/USD resistance is at the 10-day MA at 0.7147 and 38.2 fibo at 0.7161

  • Key support at former resistance at 0.7085/90 and 100-day MA at 0.7025

  • Market in Asia will be distracted by Trump-Biden debate at 01:00 GMT

  • Quarter-end flows likely to be main driver of direction

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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