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Oct 21 - 07:55 AM

AUD/USD - Holds Below 0.71 After Rise From Three-Week Low

By Rob Howard  —  Oct 21 - 05:45 AM
  • AUD/USD met headwind pre-0.71 after pushing recovery envelope from 0.7021

  • 0.7103 is the 100DMA. 0.7021 was Tuesday's three-week low nL1N2HB05M

  • Ascent to threaten 0.71 influenced by yuan's rise to 27-month high vs USD

  • See: nL4N2HC15V. Other majors up against USD, including CHF nL1N2HC06I

  • 0.7072 (Tuesday's NY session high) is now an AUD/USD support point

  • Monday's high of 0.7114 is a resistance level beyond the 100DMA

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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