By Krishna K — Jul 11 - 07:40 PM
AUD/USD languishes at a 2-year low in Asia after declining 1.8% Monday
Risk aversion on global recession fears, rising China COVID cases weigh
Undermined by expectations that Fed will hike rates faster, further than RBA
Copper, iron ore and oil decline, souring AUD sentiment; Dalian iron -2.9%
Break of 4-time tested 0.6762-64 support & 50% retracement at 0.6758 bearish
Support 0.6710-15, 0.6650, resistance 0.6765-75, 0.6795-0.6800, 0.6825-30
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Source:
Refinitiv IFR Research/Market Commentary