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Oct 14 - 08:55 AM

AUD/USD - Drops Back Pre-U.S. Data After Another 0.6350 Fail

By Rob Howard  —  Oct 14 - 06:40 AM
  • AUD/USD slid to 0.6281 after failing to break 0.6350 resistance level

  • 0.6347 was intra-day high at 0647 GMT (0.6343 was Asian session top)

  • Offers pre-0.6350 also capped AUD/USD gains earlier this week (Tuesday)

  • 0.6281 was intra-day low at 0939 GMT. 0.6170 was Thursday's 30-month low

  • Rally from 0.6170 fuelled by U.S. equity turnaround (AUD is risk-sensitive)

  • See: nL1N31E2NI. U.S. Sept retail sales data due 1230 GMT; +0.2% MM f/c

Source:
Refinitiv IFR Research/Market Commentary

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