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Sep 17 - 02:36 AM
AUD/USD - Trading With Heavy Tone After RBA Minutes
First appeared on eFXplus on Sep 16 - 11:10 PM
  • AUD/USD opened -0.22% at 0.6865 after trading at 0.6870 it drifted lower

  • It was around 0.6855 when the Sep RBA Minutes were released

  • RBA showed concern over consumption and construction activity nRUAHKEF6Q

  • RBA seemed to be disappointed by lack of spending pick-up after tax refunds

  • AUD/USD drifted down to 0.6841 and was around there into the afternoon

  • A close below the 10-day MA @ 0.6851 would likely increase downward pressure

  • More support at the 21-day MA around 0.6800 where buying is tipped

  • Resistance is found at the 100-day MA around 0.6900 where sellers are camped






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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