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Oct 11 - 01:55 PM

AUD/USD -

By Paul Spirgel  —  Oct 11 - 01:15 PM
  • AUD/USD holds gains into NY close, +0.68% at 0.7358; Mon range 0.7373-0.7292

  • Oil, copper rally +2%, reduced Austral-Asian COVID angst aids AUD rise

  • Risks to AUD rise, global growth from China property angst, energy shortages

  • AUD/USD res 0.7373, Monday high, 0.7406, 38.2% of 0.7891-0.7107 dip

  • Close abv 0.7499, the 50% Fib of 0.7891-0.7107 shifts momentum to bulls

  • Support at Mon low 0.7292, then 10-DMA at 0.7274 and 200-WMA at 0.7212

For more click on FXBUZ


AUD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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