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Oct 21 - 11:55 PM

AUD/USD - Grinds Lower In Gloomy Asia

By John Noonan  —  Oct 21 - 10:35 PM
  • AUD/USD opened 0.98% higher at 0.7117 after USD fell across the board

  • Risk-off mood gripped Asian session as hopes of US aid bill faded nL1N2HC1JV

  • E-mini futures and AXJ equity index down around 0.65%

  • AUD/USD grinded through bids and technical support between 0.7090/95

  • Low so far has been 0.7089, but move is orderly

  • Resistance at 10-day MA at 0.7130 and close above would be bullish

  • Next level of decent support at 61.8 of 0.7021/0.7138 move at 0.7065

  • AUD/USD underpinned by bearish shift in USD sentiment

  • For more click on FXBUZ









aud/usd Click here

aud/usd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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