Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 20 - 07:55 PM

AUD/USD - Opens Lower But Recent Support Holding For Now

By John Noonan  —  Sep 20 - 06:40 PM
  • AUD/USD opening -0.55% after USD broadly strengthened and risk assets fell nL1N30R1JDnL1N30R2HT

  • AUD/USD fell to 0.6677 before bids ahead of trend low at 0.6670 underpinned

  • It opens Asia under pressure as sellers are lined up ahead of 0.6700

  • AUD/USD may not wander too far ahead of key Fed decision later today

  • Market expecting Fed to deliver a 75 BP hike and signal "higher for longer"

  • Fed would need to hike 100 BPs to achieve a hawkish surprise

  • AUD/USD resistance is @ the 10-day MA @ 0.6750 and break would ease pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!