By Krishna K — Jan 18 - 05:15 PM
AUD/USD on defensive in Asia after falling 0.7% Wed on rising risk aversion
Undermined by weak U.S. economic data which sparked fears of a recession
Hawkish comments from Fed officials further weigh on risk sentiment
Falling stocks, lower commodities, cross sales versus JPY erode AUD gains
AUD/USD dives 1.8% from high of 0.7063 as profits booked on long positions
Australia jobs data Thu; employment seen rising 22.5k, jobless rate at 3.4%
Support 0.6915-20, 0.6895-0.6900, 0.6860-70; resistance 0.6975-80, 0.7000-05
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Source:
Refinitiv IFR Research/Market Commentary