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Oct 20 - 07:55 PM

AUD/USD - Opens Lower After Whippy US Session

By John Noonan  —  Oct 20 - 05:35 PM
  • AUD/USD opens 0.28% lower at 0.7048 after choppy US session

  • It traded as low as 0.7021 before hopes of US aid deal led to risk bounce nW1N2GK03K

  • It bounced back to 0.7072 before Wall Street halved early gains in last hour

  • AUD/USD support at Sept 25 trend low at 0.7006 with buyers around 0.7020

  • Resistance at the 100-day MA at 0.7102 with sellers tipped at 0.7080

  • US aid deal in focus and if it passes AUD/USD will get some relief

  • Upside limited due to dovish RBA expectations ahead of their Nov 3 meeting nL4N2HB09Y

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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