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Sep 27 - 05:55 PM

AUD/USD - Lack Of Bounce Renders Support Vulnerable

By Krishna K  —  Sep 27 - 05:10 PM
  • AUD/USD offered in early Asia; broad USD strength curtails recovery attempts

  • Fading global economic recovery optimism, U.S. political uncertainty weigh

  • Simmering Australia-China tensions likely to cap rallies nL3N2GN000

  • Australia trims resources revenue outlook on weaker coal, LNG exports

  • Government says sizable fall in export earnings expected nL3N2GM090

  • Daly close below 100-DMA at 0.7012 likely to increase downward momentum

  • Support 0.7000-05, break opens 0.6964; resistance 0.7040-45, 0.7080-85

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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