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Sep 03 - 07:55 PM

AUD/USD - Opens Sharply Lower As Risk Assets Swoon

By John Noonan  —  Sep 03 - 06:15 PM
  • AUD/USD opens 0.90% lower after Wall Street slumped 3.5% and weighed on risk nL1N2G020C

  • AUD and NZD worst performing ccys falling 0.9% against JPY and EUR as well nL1N2G01G4

  • AUD/USD closed Thursday right on 10-day MA at 0.7273

  • The 10-day MA comes in at 0.7284 today and will be resistance

  • Support at the 21-day MA at 0.7227 and break would signal end of up-trend

  • Key today will be AUD/JPY flows out of Tokyo and Asian equity market moves

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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