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Sep 09 - 07:55 AM

AUD/USD - Offers Around 21DMA Cap Rally From Two-Week Low

By Rob Howard  —  Sep 09 - 05:35 AM
  • AUD met headwind circa 0.7239 after pushing recovery envelope from 0.7192

  • 0.7239 = 21DMA. 0.7192 was two-week low in Asia (0.7309 was Tuesday's high)

  • Drop to 0.7192 fuelled by risk aversion nL1N2G6023. Nasdaq -4.1% Tuesday

  • See: nL1N2G51RU. European shares rise nL4N2G61QC. S&P e-mini +0.6%

  • More AUD/USD offers expected around 0.7250 (50% of 0.7309-0.7192)

  • Senate aims for Thursday vote on scaled-down virus aid bill nL1N2G50O4

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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