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Thomson Reuters
Oct 03 - 09:48 PM
AUD/USD - Under Pressure And Nearing Key Support
First appeared on eFXplus on Oct 03 - 08:25 PM
  • AUD/USD under pressure as AUD/JPY selling weighs on the price action
  • AUD/USD is grinding below 0.7100 and is nearing key support at 0.7085
  • A break below 0.7085 would likely force stale longs to pare back
  • There isn't any strong technical support this side of 0.7000
  • Rising US yields and EM stress weighing on AUD/USD sentiment
  • AUD continues to underperform despite relatively buoyant commodities

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