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Sep 06 - 07:55 PM

AUD/USD - Resilience To Risk Selloff Bodes Well For Uptrend

By Krishna K  —  Sep 06 - 05:45 PM
  • AUD/USD starts week cautiously, traders wary as global stock rally falters

  • Rapid 2.6% drop from Tuesday 0.7413 high tempers bullish sentiment

  • But ability to hold ground despite risk selloff likely to encourage bulls

  • Powell reiterates lower for longer U.S. rates Fri; AUD positive nL1N2G11RV

  • Australia faces down China in high-stakes strategy nL4N2G11X9

  • U.S. holiday Monday to dampen trading activity, China trade data awaited

  • Daily close below 21-DMA at 0.7234 opens drop to 0.7170

  • Resistance 0.7305-10, 0.7330-35

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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