Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 31 - 07:55 PM

AUD/USD - Opens Slightly Lower As Negative Factors Mount

By John Noonan  —  Aug 31 - 06:10 PM
  • AUD/USD opens -0.16% at 0.6843 after risk assets moved broadly lower

  • Commodities fell and Wall Street had a weak close on global slowdown fears nL1N3070J2nL4N30726HnL4N3070JSnL1N3072R1

  • Fundamentals impacting AUD are turning negative and should weigh on AUD

  • The next support is at the 76.4 of the 0.6682/0.7136 move at 0.6789

  • AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • A break above the 10-day MA at 0.6890 would ease downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!