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Sep 24 - 02:55 AM

AUD/USD - Under Pressure Into Europe As Stocks Selloff Quickens

By Krishna K  —  Sep 24 - 01:35 AM
  • AUD/USD down 0.5% in Asia as risk mood stays decidedly negative

  • APAC stock markets decline accelerates; MSCI Asia-ex Japan index down 2%

  • U.S. political uncertainty, fiscal stimulus delay sap investor risk appetite

  • AUD undermined by RBA rate cut bets; has dropped 3.3% this week

  • Powell testimony on economic response to pandemic & jobless claims eyed Thur

  • Support 0.7020, 38.2% of 0.6777 to 0.7413 rally followed by 0.7002, 100-DMA

  • Resistance 0.7070-80, 0.7100-10

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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