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May 08 - 10:55 PM

AUD/USD - Edges Below Support As 2022 Low Comes Into Focus

By John Noonan  —  May 08 - 08:35 PM
  • AUD/USD traded below last week's 0.7030 low to 0.7024

  • E-minis are over 1.0% lower in a gloomy start to the Asian session

  • Next support of note is at the 2022 low at 0.6967 made on Jan 28

  • Talk of bids ahead of 0.7000 may slow the move lower

  • China growth concerns a negative for AUD with China trade data out today

  • China's COVID policy has severley impacted China economic data nL3N2WO2U3

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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