Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Oct 10 - 02:36 AM
AUD/USD - Clashing Influences Result In A Choppy And Busy Day
First appeared on eFXplus on Oct 09 - 11:10 PM
  • +0.3% - volatile and busy 0.6710/0.6757 range, AUD/JPY +0.3%, AUD/NZD flat

  • Rumoured AUD/JPY M&A demand - Orora fibre/Japan Nippon Paper nL2N26V00B

  • Risk off on SCMP report - no progress US/China trade talks nL2N26U1RQ

  • Risk rebounded on US/China currency pact to avoid fresh tariffs nL2N26V02H

  • Charts - daily momentum studies 5, 10 & 21 DMAs slip - modest negative setup

  • 0.6710 61.8% of the October bounce a base earlier - sustained break bearish

  • Close above 0.6774/76, Friday's high and 21 DMA would end downside bias























aud2 oct 10 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!