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Jan 05 - 09:55 PM

AUD/USD - Under Pressure As Mood Darkens In Asia

By John Noonan  —  Jan 05 - 08:28 PM
  • AUD/USD down to 0.7205 as risk in Asia sinks following Wall Street lead

  • AUD/JPY selling weighing on AUD/USD as cross down 0.30% from NY close

  • AUD/USD support is at he 21-day MA at 0.7194 and double-bottom at 0.7185

  • A break below 0.7180 would shift the pressure to the downside

  • AUD vulnerable if risk assets come under sustained pressure

  • Diverging RBA and Fed expectations likely to cap rallies from here

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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