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Oct 02 - 11:00 PM
AUD/USD - Trapped Between Risk And Softer USD - Trend Is Down
First appeared on eFXplus on Oct 02 - 07:35 PM
  • Flat after closing little changed, but decent volumes and volatility

  • AUD caught between the softer USD and broad based market risk off

  • Trades lead data, poll +6Bln, but the volatile release is unlikely to impact

  • 5, 10 & 21 daily weekly and monthly MAs track south - trending setup

  • 0.6670 decade low in London supports then gap to 0.6263 76.4% 2001/2011 rise

  • 0.6723, 50% this week's fall - 0.6735/39 61.8% & prior range low resistance

  • 0.6740 283M, 0.6790-0.6800 750M, and 0.6820 450M are the close options























aud oct 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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