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Oct 11 - 07:55 PM

AUD/USD - Ends Whippy Session Lower After BOE Angst Weighs On Risk

By John Noonan  —  Oct 11 - 06:05 PM
  • AUD/USD opens -0.40% after falling late NY after BOE signalled end of Gilt support nL1N31C0KYnL1N31C2PF

  • Early in US session it recovered from Asian 0.6247 low when US yields eased nL1N31C1WY

  • The high was 0.6346 before the BOE comments - and that is now resistance

  • AUD/USD was pressured Tuesday by fall in CNH to 7.2000 at one stage

  • Market will eye moves in USD/CNH again today for AUD/USD direction

  • There isn't any AUD/USD support of note ahead of 76.4 of 2020 move at 0.6099

  • AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • A break above the 10-day MA at 0.6404 needed to ease downward pressure

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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