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Jan 03 - 05:55 PM

AUD/USD - Opens Lower As USD Strength And Slowdown Fears Weigh

By John Noonan  —  Jan 03 - 05:25 PM
  • AUD/USD opens over 1.0% lower after USD strengthened across the board nL1N33O1HB

  • Fears of global slowdown weighed on commodities and impacted AUD nL1N33O033

  • AUD/USD completed a bearish outside day and closed below the 10-day MA

  • The next level of support is at the 38.2 of the Oct/Dec rise at 0.6616

  • Resistance is at the 10-day MA at 0.6743 and 200-day MA at 0.6851

  • Global growth fears likely to dominate flows in early 2023

  • AUD will likely struggle along with key commodities on demand concerns

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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