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Oct 13 - 08:55 AM

AUD/USD - China Influences Lead To Probe Of Key Support

By Christopher Romano  —  Oct 13 - 07:40 AM
  • Bears gain traction after report China to halt AU coal imports nL4N2H31C7

  • AUD/USD dives sharply; breaks Oct 9 low, 10- & 21-DMAs, hits 0.7165 low

  • China Sep exp/imp rise sharply nB9N2G502G; drives USD/CNH down, AUD/USD up

  • 0.7205 neared, pair pulls back and sits near 0.7190 into NY's open

  • Equity ESv1, copper HGv1 bounces off intra-day lows help buoy AUD/USD

  • Daily bull hammer candle forms, could be a warning for recent AUD/USD shorts

  • AUD/USD bears likely need below 0.7085/95 support to gain greater control

  • Bulls need break above Oct 9 daily high to take back some control

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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