By John Noonan — Aug 16 - 08:50 PM
AUD/USD under heavy pressure as early Asia equity markets selloff
Both the ASX 200 and Nikkei are down over 1.0% in early trading
AUD/USD has traded to 0.6401 with support at the 76.4 fibo at 0.6403
A clear break under 0.6400 doesn't find support until Oct 22 low @ 0.6170
Bids around 0.6400 holding for now but rallies will be sold
Sentiment towards China and key commodities growing ever bearish
Aus jobs data will be out shortly and may spur some action
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary