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Oct 21 - 01:55 AM

AUD/USD - Claws Back Some Ground On Broadly Weaker USD

By Krishna K  —  Oct 21 - 12:50 AM
  • AUD/USD rallies 0.4% in Asia, buoyed by positive risk sentiment & yuan rally

  • Optimism over pre-election U.S. fiscal stimulus lifts risk mood nL1N2HB0H1

  • Traders take a respite from selling on perception drop overextended

  • AUD had lost 3% from 0.7243 Oct 9 high on rising expectations of RBA easing

  • Solid rise in quarterly retail sales lifts hopes of an economic recovery

  • Resistance 0.7100-05, 0.7120-25, support 0.7045-50, 0.7010-20

  • Related nL4N2HC092

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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