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Sep 28 - 07:55 PM

AUD/USD - Darkening Risk Mood Results In Bearish Outside Day

By John Noonan  —  Sep 28 - 06:54 PM
  • AUD/USD opens 0.63% lower after completing a bearish outside day

  • Inflation fears and hawkish Fed outlook sent US yields higher and stocks lower nL1N2QU1HO

  • Fall in equities and key commodities will weigh on AUD sentiment nL1N2QU0I8

  • AUD/USD bids at 0.7220/25 continue to hold for the time being

  • More support is found at 0.7194, which is the 76.4 of 0.7106/0.7477 move

  • Resistance is at 0.7320/25 where the 21 and 55-day MAs converge

  • Key today will be moved in Asian equities and AUD/JPY flows

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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