By John Noonan — Mar 15 - 05:40 PM
AUD/USD opens -0.91% after extreme volatility returned on Credit Suisse news nL8N35N2LRnL1N35N35X
Fears of an economic crippling credit crunch weighs on global growth outlook
WTI crude plunged over 4.0% and NY copper slid over 2.5%
AUD/USD completed a bearish outside day and traded as low as 0.6590
Key support is at the 61.8 of the 0.6170/0.7158 move at 0.6547
Resistance is at the 10-day MA at 0.6643 and the 21-day MA at 0.6726
If global authorities don't step in to calm markets - AUD vulnerable
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Source:
Refinitiv IFR Research/Market Commentary