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Sep 21 - 10:55 PM

AUD/USD - Slumps Below 0.6600 Early Asia As Buyers Disappear

By John Noonan  —  Sep 21 - 08:55 PM
  • AUD/USD hit hard in early Asia and is 0.55% lower at 0.6595

  • Market reluctant to bottom pick as fundamentals and technicals decidedly negative

  • There isn't any support ahead of the 61.8 of pandemic low/high at 0.643

  • Hawkish Fed supports USD and undermines risk assets nL1N30S24HnL1N30S2U8

  • Investors fear global growth slump, which also weighs on AUD/USD nL1N30S2RU

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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