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Oct 20 - 10:55 PM

AUD/USD - Moving Higher On US Deal Hopes And CNY Strength

By John Noonan  —  Oct 20 - 10:30 PM
  • AUD/USD is up 0.43% from the opening level at 0.7049 in risk-on Asia

  • Hopes an agreement can be reached on US aid bill supporting risk

  • E-mini futures and the AXJ equity index are both up 0.45%

  • Market shrugging off report Republican Senators are opposed to passing bill nL1N2HB0H1nL4N2HC0DQ

  • High so far for AUD/USD has been 0.7079 and range has been 0.7047/79

  • Resistance is at the 100-day MA at 0.7103

  • Support is found at the Sept 25 trend low at 0.7006

  • Heading into the afternoon the AUD/USD is settled around 0.7075

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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