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Sep 09 - 01:55 AM

AUD/USD - Heavy Tone As Risk Assets Dip In Asia

By John Noonan  —  Sep 08 - 11:37 PM
  • AUD/USD opened -0.31% at 0.7365 after USD broadly moved higher

  • Asian equity markets opened lower and led to AUD/JPY selling

  • AUD/USD traded to 0.7350 before buyers stepped in to steady the action

  • AXJ equity index was over 1.0% lower while Dalian iron ore fell 3.0%

  • AUD/USD is trading just below 0.7360 into the afternoon session

  • Support is at the 38.2 of 0.7106/0.7477 move at 0.7335

  • Close resistance is at the 10-day MA at 0.7369

  • Global growth and taper concerns likely to weigh on AUD nL4N2QB07P

  • Short-term price action likely will be led by reaction to ECB today

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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