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Sep 04 - 08:55 PM

AUD/USD - Moves Lower As USD Gains On Escalating EU Energy Crisis

By John Noonan  —  Sep 04 - 06:40 PM
  • AUD/USD lower as energy crisis in Europe escalates ahead of winter nL8N30A037nL1N30B04O

  • EUR/USD fell over 0.50% to lead the USD broadly higher

  • AUD/USD has traded as low as 0.6777 before bouncing to 0.6790/95

  • Support is at the Sept 1 low at 0.6771 and break targets trend low at 0.6682

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

  • Resistance is at the 10-day MA at 0.6868 and Friday's 0.6855 high

  • Key today will be moves in Asian equities after Wall Street fall

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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