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Sep 10 - 07:55 PM

AUD/USD - Turns Lower On Risk Selloff But Losses Limited

By Krishna K  —  Sep 10 - 06:40 PM
  • AUD/USD opens 0.35% lower after failing to hold gains above 0.7300

  • Rising risk aversion on Wall Street selloff douses enthusiasm of bulls

  • Undermined by weakness in commodities and metals; oil, copper, iron ore fall

  • Simmering China-Australia tensions a background negative as wellnL4N2G725G

  • Ability to hold ground a sign of strength as 07200-0.7400 range forms

  • Resistance 0.7275-80, 0.7300-05, 0.7325-30, support 0.7245-50, 0.7220-25

  • For more click on FXBUZ


Reuters Poll: Federal Reserve's latest policy shift and U.S. job market outlook: Click here

Source:
Refinitiv IFR Research/Market Commentary

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