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Oct 13 - 05:55 PM

AUD/USD - Opens Lower As Safe-Haven Flows Weigh

By John Noonan  —  Oct 13 - 05:30 PM
  • AUD/USD opens 0.68% lower as USD strengthens, as risk assets swoon nL1N2H41O1

  • AUD/NZD selling weighed as cross fell 0.70% on China/Aus trade tensions nL4N2H413V

  • AUD/USD opens below 10 & 21-day MAs that converge around 0.7170

  • Support around 0.7095 where 61.8 of 0.7006/0.7243 converges with Oct 7 low

  • Key support at the 100-day MA, which ascends to 0.7088 today

  • AUD/USD hasn't closed below the 100-day MA since May 15

  • Westpac/MI Aus consumer sentiment only release in Australia today

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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