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Apr 22 - 04:55 AM

AUD/USD - Falls More But There Are Dip-Buying Levels Nearby

By Ewen Chew  —  Apr 22 - 03:00 AM
  • AUD/USD extends fall to 0.7315 vs Thurs close 0.7371

  • A bit more room till Ichimoku Cloud support at 0.7277

  • Dip-buyers may also crowd near 200 DMA support at 0.7295

  • If those levels hold, a near-term bounce could follow

  • China growth worries bogging down commodity currencies

  • But China is taking steps to shore up economy nL2N2WK02A

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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