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Oct 28 - 05:55 PM

AUD/USD - Opens Sharply Lower As Risk Assets Plunge

By John Noonan  —  Oct 28 - 05:30 PM
  • Commodity/risk currencies tumbled as investors sought safe-haven nL1N2HJ2VQ

  • Global growth fears intensified as coronavirus infections force lock-downs nL1N2HJ0QL

  • AUD, NZD and CAD fell over 1.0% against the USD and JPY

  • AUD/USD opens 1.15% lower and completed a bearish outside day

  • Support at Oct 21 low at 0.7021 and Sept 25 trend low at 0.7006

  • Resistance at t0-day MA at 0.7091 with sellers 0.7090/0.7100

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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