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Oct 19 - 05:55 PM

AUD/USD - Opens Lower After Late Slide On Wall Street

By John Noonan  —  Oct 19 - 05:20 PM
  • AUD/USD opens 0.13% lower after giving back all its gains from early Europe

  • Wall Street fell sharply in US afternoon on fading hope of US aid bill nL1N2HA1WQ

  • AUD/USD traded to 0.7111 when USD fell across the board in Europe

  • AUD was worst performing currency Monday on dovish RBA expectations nL4N2HA1KB

  • RBA Minutes today likely to be non-event but may outline bond buying plans

  • AUD/USD completed bearish outside day and closed below 100-day MA again

  • Support at last week's 0.7056 low and break targets 0.7006

  • Resistance is at 100-day MA at 0.7100

  • For more click on FXBUZ










eurusd IMAGE Click here

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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