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Oct 12 - 11:55 PM

AUD/USD - Moves A Bit Lower In Asia As AUD/JPY Slips From Highs

By John Noonan  —  Oct 12 - 11:01 PM
  • AUD/USD opened 0.7351 after holding up despite equity and commodity weakness

  • After trading 0.7353 first up it moved lower when Tokyo arrived

  • Light AUD/JPY selling on profit taking pushed the AUD/USD down to 0.7331

  • AUD/JPY fell as low as 83.15 after opening around 83.50

  • Aus 10-year yield eased to 1.68% from 1.73% to weigh on AUD/JPY

  • Bids around 0.7330 held and the AUD settled around 0.7340 into the afternoon

  • AUD/USD support at the 10-day MA at 0.7300 and break eases upward pressure

  • Resistance comes in at yesterday's 0.7384 high and 100-day MA at 0.7419

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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