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Oct 14 - 02:55 AM

AUD/USD - Hangs Tough Despite Subdued Risk Mood, Trade Threats

By Krishna K  —  Oct 14 - 01:35 AM
  • AUD/USD holds ground in listless Asian trading despite tepid risk mood

  • Lack of trend due to indecisive U.S. stimulus talks leads to narrow ranges

  • Deteriorating relations with top trading partner China weigh nL4N2H402X

  • But surge in AU consumer sentiment to 2-yr high lifts mood, limits downside

  • First 'optimistic' reading since June 2019 nS9N2FN01A

  • U.S. earnings results and Fed speakers in focus later Wednesday

  • Support 0.7150-55, 0.7125-30, 0.7090, resistance 0.7200-05, 0.7235-40

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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