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Derived real-time data in partnership with:
Thomson Reuters
Oct 12 - 02:36 AM
AUD/USD - Holds Up As Risk Stabilises
First appeared on eFXplus on Oct 11 - 11:15 PM
  • Quiet Asian range of 0.7115/31 after hectic markets Thursday
  • Risk mixed as Shanghai shares fall but S+P E-minis and US yields rise
  • AUD/USD still faces strong resistance at 0.7142/46 Sept 17 low and 38.2 Fibo
  • Daily and weekly 5, 10 and 21 DMAs head down supporting downtrend
  • Clear support at recent 0.7041/45 lows, break targets 0.7000 and 0.6973
  • Rising UST yields would again pressure EM, lead to fresh AUD/USD sales

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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