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Sep 16 - 08:36 PM
AUD/USD - Opens Marginally Lower As AUD Shows Resilience
First appeared on eFXplus on Sep 16 - 06:25 PM
  • AUD/USD opens only 0.22% lower despite a number of negative factors

  • USD strength, 2.2% fall in copper & weak China data among the negatives

  • AUD/USD underpinned by AUD/NZD demand and expected rise in LNG prices

  • Support at 10-day MA at 0.6852 and break could increase downward pressure

  • Resistance at 100-day MA at 0.6900 and break would reignite S/T trend higher

  • RBA Minutes today shouldn't provide fresh insights, but will be a focus

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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