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Mar 15 - 07:55 PM

AUD/USD - Opens Lower As Financial Crisis Concerns Rekindled

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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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